News Details
Formula 1 snub shares offered by Liberty Media
Liberty Media Corporation announced that the investment opportunity offered to Formula 1 teams to purchase up to approximately 19 million shares of Series C Formula One common stock has expired. The Formula 1 teams were offered the opportunity to invest at a per share purchase price of $21.26 at the time of Liberty's acquisition (the 'Formula 1 Acquisition') of Delta Topco Limited, the parent company of Formula 1, on January 23, 2017, and subject to a six month investment review process. Chase Carey, Chairman and CEO of Formula 1, said, 'We have been actively engaged with all teams to shape a shared vision for the sport that will create real value for all stakeholders. While the window for...
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