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
F1 World Champion Lando Norris offered MotoGP...
F1 World Champion Lando Norris has been offered an opportunity to ride a...
7h ago from MotorsportWeek.c...
This is what the 2027 Honda MotoGP bike will be called
No description available...
7h ago from Motorsport.com
Francesco Bagnaia "struggled to accept" new...
No description available...
1d ago from Motorsport.com
Jorge Lorenzo: “Maverick Vinales has more talent and...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Momentum building for IndyCar’s inaugural Arlington...
No description available...
5h ago from Motorsport.com
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
4h ago from Motorsport.com
Simpson hoping Sunoco partnership grows into...
No description available...
2d ago from Motorsport.com
Sunoco makes full-time IndyCar return as primary...
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
FIA announces new constructor set to join WRC 2027
No description available...
11h ago from Motorsport.com
Jon Armstrong joins Josh McErlean in all-Irish M-Sport...
Christmas came early for Jon Armstrong and co-driver Shane Byrne when the...
15h ago from MotorsportWeek.c...
Jon Armstrong joins Josh McErlean in new M-Sport Ford...
No description available...
1d ago from Motorsport.com
Sebastien Loeb admits you “need some luck to win”...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal eyeing up move for 19-year-old star who...
Arsenal are reportedly monitoring Real Madrid defender Victor Valdepenas...
3h ago from SportsKeeda.com
Spurs vs Arsenal, Liverpool vs Man City live on Sky as...
Sky Sports has confirmed it will show 12 more Premier League fixtures live...
5h ago from SkySports.com
Arsenal reach 100 injuries since start of last season
Arsenal have now reached 100 different injuries since the start of...
9h ago from SkySports.com
Twists and turns and midweek musings
Morning all. The players were back to training yesterday after a couple of...
13h ago from Arseblog.com
Comments
Hottest News
Hilarious video emerges of Daniel Ricciardo insulting F1...
F1 has been missing a comedic influence since the... Read More »
43m ago from GPFans.com
Christian Horner linked with shock return as Max Verstappen...
Check out the biggest stories from Wednesday,... Read More »
43m ago from RacingNews365.com
Max Verstappen reveals new F1 driver number
Max Verstappen will be associated with a new... Read More »
2h ago from RacingNews365.com
