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Liberty buy-out of F1 gets government scrutiny
©WRI2 Britain's Competition and Markets Authority is considering initiating an investigation into the take-over by Liberty Media of Formula 1. Last September, the US media consortium agreed to acquire the sport from current majority shareholder CVC Capital Partners for approximately $4.4B. The UK's CMA will be checking whether the deal violates British anti-competition laws, and stated that that any written representations about any competition or public interest must be made by 21 November. "The CMA is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act...
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