Correction: This blog was updated at 11:15 a.m. with corrected information on the company's investors and partners.
Talent agency Creative Artists Agency and Major League Baseball's Internet arm have backed a new sports site for kids called Weplay, according to The New York Times. The company has raised $4.5 million from hedge fund Pequot Capital and sports figures Derek Jeter and Peyton Manning, among other investors.
Weplay, which is expected to launch in mid-April, is a social network for young athletes, as well as their parents and coaches. On the site, kids will be able … Read more