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Liberty Media on verge of launching £6.4bn bid for F1
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Liberty Media, the American media company owned by US magnate John Malone, is about to launch a $8.5bn [£6.4bn] bid in order to take control of Formula One with a first of two tranches of payments expected this Tuesday, per multiple reports. CVC Capital Partners have been at the helm of the sport for a decade but their willingness to sell their 34.6% controlling stake in F1's parent company Delta Topco has been well documented in recent months. With CVC’s original investment reported at $2billion (£1.5bn), the private equity firm is thus set to reap profits in the region of £5bn from their 10-year tenure in F1. Liberty has been linked with an F1 deal since...
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