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Liberty F1 deal facing UK anti-competition investigation
Liberty Media's planned acquisition of Formula 1 is to face an investigation by Britain's Competition and Markets Authority (CMA) to ensure it does not breach anti-cartel laws. The CMA announced on Monday that it is considering whether or not Liberty's plans to control grand prix racing are in line with Britain's anti-competition legislation – laid down in the Enterprise Act 2002. A statement of the government department's website said: "The CMA is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if, so, whether the creation of that situation has...
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8y ago from Motorsport.com
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