News Details
Liberty agrees $1.55bn deal with investors for F1 purchase
Liberty Media has announced an agreement with third-party investors to raise $1.55 billion to support the purchase of Formula 1. Liberty bought a controlling stake in the sport back in September, in a deal worth $8 billion. The deal was for a 19.1 percent stake, brought from main shareholder CVC Capital Partners. On Wednesday, Liberty said a deal with investors had been reached to fund the acquisition. The third-party investors are Coatue Management, the Shaw group, JANA Partners, Ruane, Cunniff & Goldfarb, Soroban Capital Partners, SPO Advisory, and Viking Global Investors. The investors have committed to the financing through a subscription of Liberty's common stock, valued at $25 per...
Full Story »
Full Story »
8y ago from Motorsport.com
0
You May Also Be Interested In...
Liberty shareholders to vote on F1 purchase plan
Liberty Media's shareholders have been called to a meeting early next...
8y ago from Motorsport.com
Liberty Media shareholders set for January vote on F1...
Liberty Media shareholders will vote on whether or not the media...
8y ago from GrandPrixTimes.com
Liberty shareholders to vote on F1 purchase
– Liberty Media shareholders will meet next month to vote on...
8y ago from GPUpdate.net
Liberty shareholders to vote on purchase
– Liberty Media shareholders will meet next month to vote on...
8y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
MotoGP targeting China GP return after 17 years away
No description available...
10h ago from Motorsport.com
Alex Marquez reveals how he ‘suffered’ to second...
Alex Marquez admits he “suffered” with his Michelin tyres on course...
11h ago from MotorsportWeek.c...
Manufacturers demand “clear protocol” after...
No description available...
16h ago from Motorsport.com
Nicolo Bulega overcomes WSBK instincts to score on...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
AJ Foyt Racing expands veteran support program to full...
AJ Foyt Racing has announced that its successful Homes For Our Troops...
8h ago from MotorsportWeek.c...
McLaren’s lawsuit against IndyCar champ Alex Palou...
The lengthy court battle between McLaren and Alex Palou is nearing a...
5d ago from MotorsportWeek.c...
Caio Collet advances up to IndyCar with AJ Foyt Racing
AJ Foyt Racing has announced that Caio Collet will drive for the team in...
5d ago from MotorsportWeek.c...
Marco Andretti announces retirement from racing, won't...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
What Toyota expects from 2026 WRC signing Oliver...
No description available...
1d ago from Motorsport.com
Oliver Solberg lands factory Toyota Rally1 drive
We called it after Oliver Solberg clinched his WRC2 title in Chile....
1d ago from MotorsportWeek.c...
Hyundai already working on “Plan B” for 2026 WRC...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal and Liverpool join race for 25-goal Barcelona...
Arsenal and Liverpool are interested in signing the Lyon winger Malick...
7h ago from CaughtOffside.com
Arsenal and Chelsea told to pay around 80-85 million...
Arsenal and Chelsea are interested in signing the Portuguese international...
6h ago from CaughtOffside.com
What insiders are now saying about Myles...
Myles Lewis Skelly's future at Arsenal remains a talking point ahead of...
8h ago from CaughtOffside.com
Paul Scholes has made Man City favourites over Arsenal...
Manchester United legend Paul Scholes believes Manchester City remain the...
11h ago from CaughtOffside.com
Comments
Hottest News
Jenson Button claps back at John Elkann for attack on Lewis...
F1 world champion Jenson Button has clapped back... Read More »
5h ago from GPFans.com
Hamilton hits back at Ferrari chief Elkann - 'Not now, not...
F1 champion Lewis Hamilton has made a public... Read More »
15h ago from GPFans.com
'This cannot be real' - F1 reacts to John Elkann's...
F1 fans have had their say about Ferrari chairman... Read More »
4h ago from GPFans.com
