News Details
Official: Liberty Media purchases F1 for $8bn
Media giant Liberty Media has confirmed that it is to buy Formula One in a deal worth $8bn. Initially, the company, which is controlled by John Malone, will purchase an 18.7% stake in Formula 1 for $746m, with the remainder of the buy-out coming in the first quarter of 2017. After completion of the acquisition, Liberty Media will own Formula One and it will be attributed to the Liberty Media Group which will be renamed the Formula One Group. The consortium of sellers led by CVC will own approximately 65% of the Formula One Group's equity and will have board representation at Formula One to support Liberty Media in continuing to develop the full potential of the sport. In addition, a CVC...
Full Story »
Full Story »
8y ago from Pitpass.com
0
You May Also Be Interested In...
Official: F1 Sold to Liberty Media
It has just been confirmed that F1 has officially been sold to US Company...
8y ago from F1.co.uk
Liberty Media begins $8billion F1 takeover
American media giant Liberty Media has revealed its first step towards a...
8y ago from Motorsport.com
Liberty Media buys Formula One
US communications billionaire John Malone's Liberty Media announced on...
8y ago from SuperSport.com
Formula 1 sale to Liberty Media to go ahead next week
A sale of Formula 1 to Liberty Media is to go ahead next week, respected...
8y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
BMW: Losing Toprak Razgatlioglu to MotoGP feels like...
BMW says losing Toprak Razgatlioglu departure from its WorldSBK team to...
1h ago from MotorsportWeek.c...
Francesco Bagnaia explains why it's ‘impossible'...
After failing to secure a podium at his Grand Prix at Mugello, Francesco...
1d ago from MotorsportWeek.c...
Aprilia to run “special test” for Jorge Martin...
No description available...
1d ago from Motorsport.com
Watch: “Feels like yesterday” - Alex Criville...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Malukas’ recovery drive secures Foyt’s best team...
During Sunday’s IndyCar race at Road America, David Malukas was the...
1d ago from MotorsportWeek.c...
Winners and Losers from IndyCar’s Road America...
No description available...
3d ago from Motorsport.com
How a “grumpy” Alex Palou ended up thankful for...
No description available...
2d ago from Motorsport.com
IndyCar Road America – Qualifying Results
The NTT IndyCar Series took a trip to the historic Road America circuit...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How Carlos Sainz Sr's withdrawal will impact the FIA...
No description available...
2h ago from Motorsport.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
1w ago from MotorsportWeek.c...
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Liverpool target would run across London and join...
Liverpool target Marc Guehi will join Arsenal if they can assure him of a...
1h ago from SportsKeeda.com
(Photo) Midfielder posts Insta pic of himself training...
Arsenal defensive midfielder Thomas Partey has posted an image himself...
55m ago from CaughtOffside.com
Update: Arsenal still working on two exciting...
Arsenal want to sign a new striker this summer, but the process has been...
2h ago from CaughtOffside.com
£70 million star starts following Arsenal on...
Arsenal are looking for a new striker this summer and two of the names...
1h ago from CaughtOffside.com
Comments
Hottest News
Rosberg hints at reason behind Mercedes’ delay with...
As the 2025 Formula 1 season nears the end of its... Read More »
3h ago from F1i.com
Newey's alarming comments to reduce Aston pressure
Jun.26 Adrian Newey's recent comments about... Read More »
2h ago from OneStopStrategy.com
Tost notes ominous sign of Vasseur's Ferrari exit
Jun.26 Frederic Vasseur seems to be... Read More »
2h ago from OneStopStrategy.com
