News Details
Official: Liberty Media purchases F1 for $8bn
Media giant Liberty Media has confirmed that it is to buy Formula One in a deal worth $8bn. Initially, the company, which is controlled by John Malone, will purchase an 18.7% stake in Formula 1 for $746m, with the remainder of the buy-out coming in the first quarter of 2017. After completion of the acquisition, Liberty Media will own Formula One and it will be attributed to the Liberty Media Group which will be renamed the Formula One Group. The consortium of sellers led by CVC will own approximately 65% of the Formula One Group's equity and will have board representation at Formula One to support Liberty Media in continuing to develop the full potential of the sport. In addition, a CVC...
Full Story »
Full Story »
9y ago from Pitpass.com
0
You May Also Be Interested In...
Official: F1 Sold to Liberty Media
It has just been confirmed that F1 has officially been sold to US Company...
9y ago from F1.co.uk
Liberty Media begins $8billion F1 takeover
American media giant Liberty Media has revealed its first step towards a...
9y ago from Motorsport.com
Liberty Media buys Formula One
US communications billionaire John Malone's Liberty Media announced on...
9y ago from SuperSport.com
Formula 1 sale to Liberty Media to go ahead next week
A sale of Formula 1 to Liberty Media is to go ahead next week, respected...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin: Marco Bezzecchi was "on another...
No description available...
3h ago from Motorsport.com
Pedro Acosta praises KTM’s ‘really nice job’...
Pedro Acosta has praised KTM’s off-season development for helping him...
3h ago from MotorsportWeek.c...
Michelin reveals what caused Marc Marquez’s dramatic...
No description available...
10h ago from Motorsport.com
Popular On IndyCarToday.com
Christian Lundgaard ‘annoyed’ at being stuck...
Arrow McLaren driver Christian Lundgaard had a solid result in the first...
3h ago from MotorsportWeek.c...
Watch: Mick Schumacher taken out on opening lap of...
Fans of Mick Schumacher could switch off early after his IndyCar debut at...
6h ago from MotorsportWeek.c...
Newgarden gains 16 positions, finishes seventh in...
No description available...
3h ago from Motorsport.com
Mick Schumacher's IndyCar debut ends in Lap 1 crash
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
2d ago from Motorsport.com
Why Esapekka Lappi was so happy at WRC Rally Sweden
No description available...
4d ago from Motorsport.com
Acropolis Rally's Thursday parc ferme will be on a boat
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
After scoring goal in win over Chelsea, Jurrien Timber...
Jurrien Timber has said that Arsenal cannot afford to make costly mistakes...
36m ago from SportsKeeda.com
Paul Merson predicts Brighton vs Arsenal, Aston Villa...
Every week it just gets better for Arsenal in the Premier League! There...
3h ago from SportsKeeda.com
'We can't have the championship decided on corner...
Manchester United legend Peter Schmeichel has called for Premier League...
2h ago from SportsKeeda.com
Arsenal players can feel fans’ anxiety and must...
t;li>Defender says crowd’s tension noticeable against Chelsea‘It is...
4h ago from TheGuardian.com
Comments
Hottest News
Aston Martin in crisis: Honda woes threaten Melbourne ghost...
A cloud of uncertainty is hanging over the Aston... Read More »
56m ago from F1i.com
Max Verstappen backed for opening win as Lewis Hamilton to...
The latest episode of the RacingNews365 Podcast... Read More »
55m ago from RacingNews365.com
F1 star Charles Leclerc releases stunning new video of...
It was Monaco’s wedding of the year so far as... Read More »
36m ago from GPFans.com
