News Details
Liberty Media agrees $1.55bn investor deal
– Liberty Media has announced that it has reached an agreement with third-party investors to raise $1.55bn in connection with its planned purchase of Formula 1.American entertainment company Liberty set out its intention to purchase Formula 1 back in September, in a deal which will cost $8 billion in total.It initially took on an 18.7 per cent stake, in a $746 million cash deal, and ultimately intends to acquire 100 per cent of Delta Topco's shares, the parent company of Formula 1.Third-party investors are Coatue Management, the Shaw group, JANA Partners, Ruane, Cunniff & Goldfarb, Soroban Capital Partners, SPO Advisory, and Viking Global Investors.F1 Chairman Chase Carey said:...
Full Story »
Full Story »
9y ago from GPUpdate.net
0
You May Also Be Interested In...
Liberty agrees $1.55bn deal with investors for F1...
Liberty Media has announced an agreement with third-party investors to...
9y ago from Motorsport.com
Liberty shareholders to vote on F1 purchase plan
Liberty Media's shareholders have been called to a meeting early next...
9y ago from Motorsport.com
Liberty shareholders to vote on F1 purchase
– Liberty Media shareholders will meet next month to vote on...
9y ago from GPUpdate.net
Liberty shareholders to vote on purchase
– Liberty Media shareholders will meet next month to vote on...
9y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
MotoGP chief Carlos Ezpeleta defends decision to...
No description available...
34m ago from Motorsport.com
How Fabio Di Giannantonio went from fighting for a...
Timing. The most important word in MotoGP. On track, riders were setting...
1h ago from MotorsportWeek.c...
Francesco Bagnaia fears wrist injury after Johann...
No description available...
2h ago from Motorsport.com
Alex Marquez suffers fractures in frightening Catalan...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Alexander Rossi undergoes surgery after horror Indy...
Alexander Rossi has undergone surgery following a horror crash during...
4h ago from MotorsportWeek.c...
Alexander Rossi involved in multi-car crash in...
Monday afternoon held a short practice session for the NTT IndyCar...
17h ago from MotorsportWeek.c...
Indianapolis 500 – Qualifying results
Late Sunday afternoon, the starting order for the 110th Indianapolis 500...
1d ago from MotorsportWeek.c...
Alexander Rossi suffered minor injuries to finger and...
No description available...
11h ago from Motorsport.com
Popular On TotalWRC.com
The mental challenge WRC leader Elfyn Evans faces at...
No description available...
1d ago from Motorsport.com
Why returning to the WRC podium was so important for...
No description available...
5d ago from Motorsport.com
How Sebastien Ogier’s near-perfect Rally Portugal...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
How PL title, relegation and Liverpool's CL place can...
The Premier League title race, relegation battle and Liverpool's Champions...
2h ago from SkySports.com
Chelsea target could be available for £80m but...
Morgan Rogers looks set to be one of the most talked-about Premier League...
4h ago from CaughtOffside.com
Player ratings: Arsenal 1-0 Burnley
Arsenal moved closer to the Premier League title with a 1-0 win over...
1h ago from FreshArsenal.com
Ex-NFL star and Burnley owner JJ Watt shares...
Former NFL star JJ Watt, who is also the minority owner at Burnley, aimed...
2h ago from SportsKeeda.com
Comments
Hottest News
Flavio Briatore 'set for F1 exit' as Christian Horner and...
Alpine F1 boss Flavio Briatore's days are... Read More »
1h ago from GPFans.com
McLaren face major question over unleashing own 'Ferrari...
McLaren could be about to unleash its own version... Read More »
1h ago from RacingNews365.com
Indy 500 front-row starter Rossi injured in massive...
Alexander Rossi’s preparations for next... Read More »
2h ago from F1i.com
