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UK anti-competition authority looks into Liberty s F1 buyout
The purchase of Formula One by Liberty Media could potentially be suspended if any investigation by the Competition and Markets Authority (CMA) in the United Kingdom is sparked up by a breach of anti-competition laws. The CMA has begun an initial consideration into whether Liberty Media's £6bn buyout of F1 in September is in breach of any anti-competition laws in the UK and has requested submissions for formal information on the deal. Concerns have been caused around the Enterprise Act 2002 which effectively prevents any monopolies of markets or domination which does not provide grounds for competition. READ: Liberty Media confirms F1 purchase "The CMA is considering whether it is or...
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