News Details
Liberty sells $825m stake in Formula One to acquire MotoGP
©MotoGP Phillip van Osten
23/08/2024 at 07:1923/08/2024 at 07:28 Formula One’s parent company, Liberty Media, has announced a public offering of 10,650,000 shares of its Series C Liberty Formula One Common Stock to raise $825 million, primarily to finance its acquisition of MotoGP. The public offering, priced at $77.50 per share, will generate the necessary capital to complete the $4.2 billion all-cash deal for Dorna Sports, the company that owns and operates MotoGP. In addition to funding the acquisition, a portion of the proceeds will be allocated for corporate purposes, including debt repayment. Liberty Media has also granted the underwriter of the offering – Goldman Sachs & Co –...
Full Story »
Full Story »
You May Also Be Interested In...
Liberty to sell F1 shares to fund MotoGP deal
Aug.22 Liberty Media will partly fund its acquisition of MotoGP by...
1y ago from OneStopStrategy.com
Ralf's ex-wife hurt by public ‘coming out' story
Aug.19 Ralf Schumacher's ex-wife says she feels hurt by the former...
1y ago from OneStopStrategy.com
Praise for Verstappen: 'Max would succeed in this...
Ten seasons have now passed and in that time Formula E has developed into...
1y ago from GPBlog.com
How has Formula One contributed to a better, more...
Formula One has taken key steps in recent months to achieve a more...
1y ago from F1Technical.net
Elsewhere On The Network
Popular On MGPToday.com
MotoGP targeting China GP return after 17 years away
No description available...
15h ago from Motorsport.com
Alex Marquez reveals how he ‘suffered’ to second...
Alex Marquez admits he “suffered” with his Michelin tyres on course...
17h ago from MotorsportWeek.c...
Manufacturers demand “clear protocol” after...
No description available...
21h ago from Motorsport.com
Jorge Martin targets latest MotoGP return at Valencia...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
AJ Foyt Racing expands veteran support program to full...
AJ Foyt Racing has announced that its successful Homes For Our Troops...
13h ago from MotorsportWeek.c...
McLaren’s lawsuit against IndyCar champ Alex Palou...
The lengthy court battle between McLaren and Alex Palou is nearing a...
5d ago from MotorsportWeek.c...
Caio Collet advances up to IndyCar with AJ Foyt Racing
AJ Foyt Racing has announced that Caio Collet will drive for the team in...
5d ago from MotorsportWeek.c...
Marco Andretti announces retirement from racing, won't...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
What Toyota expects from 2026 WRC signing Oliver...
No description available...
1d ago from Motorsport.com
Oliver Solberg lands factory Toyota Rally1 drive
We called it after Oliver Solberg clinched his WRC2 title in Chile....
1d ago from MotorsportWeek.c...
Oliver Solberg secures full-time Toyota WRC drive for...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Worrying report reveals no Arsenal talks over hugely...
Arsenal fans might not be too pleased to hear that there have not yet been...
49m ago from CaughtOffside.com
'The whole point of football is to get a result' -...
Former Tottenham Hotspur star Chris Waddle has slammed Arsenal manager...
29m ago from SportsKeeda.com
Norway boss provides worrying Martin Odegaard fitness...
Norway manager Stale Solbakken has revealed that Arsenal captain Martin...
2h ago from SportsKeeda.com
Player welfare and fan consideration 🙄 as Everton...
Morning. Let's begin today with fixture news, and because of our Carabao...
19m ago from Arseblog.com
Comments
Hottest News
Toto Wolff 'in advanced talks' to sell Mercedes stake
Toto Wolff has been tipped for a partial sale of... Read More »
59m ago from GPFans.com
Ford in F1 is ‘not just marketing' as launch set
Nov.12 Red Bull and Ford will officially unveil... Read More »
19m ago from OneStopStrategy.com
Toto Wolff makes striking Kimi Antonelli claim after Max...
Kimi Antonelli put in his strongest performance... Read More »
29m ago from RacingNews365.com
