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FIA welcomes Liberty Media F1 takeover, keen to know more
The FIA has welcomed Liberty Media’s takeover of Formula 1, but says it is keen to find out further details and possible consequences of the deal. The American media and entertainment giant confirmed on Wednesday that it has taken on a 18.7% stake and will eventually acquire 100% of F1 parent company Delta Topco’s shares. Liberty Media’s deal is worth $8 billion, with 21st Century Fox vice-chairman Chase Carey becoming F1’s new chairman and Bernie Ecclestone remaining CEO. “The FIA was obviously not party to the negotiations surrounding the intended sale,” the FIA statement read. “As such, the Federation awaits further information regarding the...
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9y ago from GrandPrixTimes.com
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