News Details
Official: Liberty Media purchases F1 for $8bn
Media giant Liberty Media has confirmed that it is to buy Formula One in a deal worth $8bn. Initially, the company, which is controlled by John Malone, will purchase an 18.7% stake in Formula 1 for $746m, with the remainder of the buy-out coming in the first quarter of 2017. After completion of the acquisition, Liberty Media will own Formula One and it will be attributed to the Liberty Media Group which will be renamed the Formula One Group. The consortium of sellers led by CVC will own approximately 65% of the Formula One Group's equity and will have board representation at Formula One to support Liberty Media in continuing to develop the full potential of the sport. In addition, a CVC...
Full Story »
Full Story »
9y ago from Pitpass.com
0
You May Also Be Interested In...
Official: F1 Sold to Liberty Media
It has just been confirmed that F1 has officially been sold to US Company...
9y ago from F1.co.uk
Liberty Media begins $8billion F1 takeover
American media giant Liberty Media has revealed its first step towards a...
9y ago from Motorsport.com
Liberty Media buys Formula One
US communications billionaire John Malone's Liberty Media announced on...
9y ago from SuperSport.com
Formula 1 sale to Liberty Media to go ahead next week
A sale of Formula 1 to Liberty Media is to go ahead next week, respected...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP working on rescheduling Qatar GP amid Iran war
No description available...
16h ago from Motorsport.com
Honda pinpoints potential ‘advantage' ahead of...
Honda technical director Romano Albesiano believes there is one specific...
2d ago from MotorsportWeek.c...
Toprak Razgatlioglu’s manager backs Pramac...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Scott McLaughlin faces tough drive from last after...
No description available...
5h ago from Motorsport.com
IndyCar Arlington – Qualifying Results
25 IndyCar drivers took to the track Saturday afternoon to decide the...
6h ago from MotorsportWeek.c...
"Mental error" costs Kyle Kirkwood shot at...
No description available...
5h ago from Motorsport.com
Threat of high winds forces IndyCar to move up...
No description available...
6h ago from Motorsport.com
Popular On TotalWRC.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
18h ago from Motorsport.com
“Probably the toughest rally ever”: Thierry...
No description available...
8h ago from Motorsport.com
Carnage in Kenya
Saturday in Kenya saw one of the most dramatic days in recent Safari...
11h ago from MotorsportWeek.c...
Why Evans suffered his first WRC retirement since 2024
No description available...
12h ago from Motorsport.com
Popular On GunnersToday.com
Premier League news: Arteta denies his team...
No description available...
6h ago from TheGuardian.com
Arsenal 2-0 Everton: Premier League – as it happened
Dowman came on to rescue the Gunners and become the youngest scorer in...
6h ago from TheGuardian.com
Mansfield 1-2 Arsenal: FA Cup fifth round – as it...
sfield gave Arsenal a scare but Eberechi Eze’s stunning strike secured a...
6h ago from TheGuardian.com
Expansive Europeans befuddle Premier League elite as...
bled English clubs must realise that what works against the very good...
7h ago from TheGuardian.com
Comments
Hottest News
F1 weather forecast for Chinese GP in Shanghai
In cooperation with WeerOnline, RacingNews65... Read More »
29m ago from RacingNews365.com
F1 News Today: Lewis Hamilton lets Mercedes secret slip as...
Lewis Hamilton and Mercedes had one of the most... Read More »
4h ago from GPFans.com
Lewis Hamilton blindsided by Top Gear tribute at Chinese...
Ferrari F1 star Lewis Hamilton was left shocked... Read More »
5h ago from GPFans.com
