News Details
Liberty Media increases stake in F1
Liberty Media has bought a further 0.4% stake in F1, increasing its overall holding to 19.1%. The 0.4% stake was acquired on 27 October for $13m and follows September's purchase of the initial 18.7% stake in F1 for $746m in cash. In total, Liberty Media now owns 19.1% of Delta Topco, F1's parent company, which is controlled by CVC which owns 38.1%. Thus far, Liberty Media has not bought any of CVC's shares but once the necessary regulatory and shareholder approval is given control will switch to the American company. According to Forbes, the original $746 million was funded with cash and borrowings including the sale of debentures which are convertible into Time Warner stock. Time Warner...
Full Story »
Full Story »
9y ago from Pitpass.com
0
You May Also Be Interested In...
Bitsize Gos – Liberty Lies
Ross tries to squash rumours surrounding Liberty Media and possible...
9y ago from F1.co.uk
Brawn plays down Liberty Media involvement
After rumours circulated earlier in the week that Ross Brawn will replace...
9y ago from PlanetF1.com
Ross Brawn denies F1's new owners have offered him a...
Ross Brawn has denied he has been offered a job running Formula 1's...
9y ago from GrandPrixTimes.com
Liberty Media take bigger bite of F1 pasty
F1 News Liberty Media take bigger bite of F1 pasty Toto says Mercedes has...
9y ago from Formula1Blog.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez: 'Speeds will be lower with 850cc bikes,...
No description available...
6h ago from Motorsport.com
The key challenges MotoGP teams will face in the 2027...
No description available...
10h ago from Motorsport.com
VR46 looking for mix of experience and youth in 2027...
No description available...
1d ago from Motorsport.com
Dani Pedrosa reveals the ‘crazy’ training that...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
2h ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
2h ago from MotorsportWeek.c...
Winners and losers from the inaugural Grand Prix of...
No description available...
7h ago from Motorsport.com
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
7h ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
1d ago from MotorsportWeek.c...
WRC to return to GB in 2027 as Scotland secures...
No description available...
1d ago from Motorsport.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
3d ago from Motorsport.com
Why Takamoto Katsuta’s long-awaited first WRC win...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Watch: Eberechi Eze scores stunner from outside the...
Arsenal have taken a crucial lead against Bayer Leverkusen, courtesy of a...
1h ago from CaughtOffside.com
Record-breaker Dowman puts Arsenal nine points clear...
Max Dowman became the youngest scorer in Premier League history as his...
23m ago from SkySports.com
'It's very rare' | Arteta reflects on Dowman's impact...
Mikel Arteta described Max Dowman's impactful performance against Everton...
23m ago from SkySports.com
'An absolute disgrace!' | Redknapp furious with VAR...
Jamie Redknapp branded VAR's decision to not intervene for Kai Havertz's...
23m ago from SkySports.com
Comments
Hottest News
Aston Martin F1 'takeover pitched by new team' as situation...
Aston Martin could be the target of an F1... Read More »
3h ago from GPFans.com
Toto Wolff reveals real reason why Aston Martin dumped...
Toto Wolff has revealed why Aston Martin ended... Read More »
13h ago from MotorsportWeek.com
Oscar Piastri greets McLaren double DNS with bizarre...
The 'if you don't laugh, you'll cry' mantra has... Read More »
1h ago from GPFans.com
