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Liberty Media F1 takeover could be days away
Formula 1 sale's to Liberty Media is on the verge of being completed, with multiple sources confirming reports that the deal could be confirmed as early as Tuesday. A story in respected German publication Auto Motor Und Sport on Saturday revealed that the first of two tranches of payments in the $8.5 billion deal is expected to go through on Tuesday. If that happens, then it is thought that current shareholders CVC Capital Partners, which owns a 35.5 percent stake, will confirm shortly afterwards it is about to exit the sport. Liberty Media Corporation has been in talks with CVC for several months but speculation has been growing in recent weeks that the deal was close to finally getting...
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9y ago from Motorsport.com
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