Briefs

Equity Offering Raises $250M for Rogers

Toronto — Canadian cable giant Rogers Communications Inc. said it completed a previously announced equity offering on June 16, raising about $250 million Canadian.

According to a statement, Rogers issued 9.5 million Class B non-voting shares to RBC Capital Markets. The shares were sold on a “bought deal” basis at a price of $26.20 Canadian per share. Rogers said the net proceeds of the offering will be used for general corporate purposes.

QVC Leads Funding Round for Scene7

Novato, Calif. — Cable shopping channel QVC Inc. led a $7.5 Million Series C financing for Scene7, a provider of a rich media platform that automates media production and delivery.

Scene7’s existing major investors, including Moore Capital, The Carlyle Group founding partner and managing director David Rubenstein, Halpern Denny & Co. and Xcelera, also participated in the round. Proceeds from the round will be used to further scale operations to meet strong demand and pursue strategic opportunities.

Liberty Int’l Approves Terms of Rights Offer

Englewood, Colo. — Liberty Media International Inc. said that its board of directors has approved the pricing terms of LMI’s previously announced $750 million rights offering. The record date for the rights offering has not yet been set by the board.

According to the deal, holders of record of LMI Class A common stock will receive 0.20 transferable subscription rights for each share of common stock held. Each right will entitle the holder to purchase one share of LMI Class A common stock for $25 per share, a 32% discount to LMI’s closing price on June 14 Holders of Class B shares will receive 0.20 transferable subscription rights for each share of that class of stock held, and each right will entitle the holder to purchase one Class B share for $27.50 each, a 10% premium to the June 14 close.