News Details
Liberty Media's takeover faces anti-competition investigation
The UK's Competition and Markets Authority (CMA) is considering whether it should launch an investigation to determine whether or not Liberty Media's takeover of Formula 1 will 'result in a substantial lessening of competition' in the UK's goods or services industry. Liberty Media has already completed an initial stock purchase in Formula One Management (FOM), but plans to complete a majority takeover worth $8 billion pending 'clearances and approvals by antitrust and competition law authorities in various countries'. That deal now faces anti-competition scrutiny in the UK - where F1 and the majority of teams are based - with the CMA announcing on...
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9y ago from GrandPrixTimes.com
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