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Liberty raising $1.55bn with third-party investors for F1 purchase
Liberty Media has revealed that it has reached an agreement with a number of third-party investors as it seeks to complete its buy-out of Formula One. Coatue Management, L.L.C., the D. E. Shaw group, JANA Partners LLC, Ruane, Cunniff & Goldfarb Inc., Soroban Capital Partners LP, SPO Advisory Corp., and Viking Global Investors LP have all agreed to help fund the acquisition through a subscription of Liberty's common stock, which is valued at around $25 per share. 'We are excited that this impressive list of investors will participate in the acquisition of Formula 1,' said Greg Maffei, President and Chief Executive Officer of Liberty Media. 'This group shares our enthusiasm for the sport and...
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