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
Joan Mir hits back at naysayers after first Honda...
No description available...
4h ago from Motorsport.com
Joan Mir reflects on ‘long, tiring journey' to...
Joan Mir and Honda celebrated their first MotoGP podium finish together...
9h ago from MotorsportWeek.c...
Marco Bezzecchi reveals extent of injuries in Japan...
No description available...
10h ago from Motorsport.com
Pedro Acosta: Marc Marquez 2025 title ‘the...
Pedro Acosta believes Marc Marquez's 2025 MotoGP title triumph is the...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Mick Schumacher to make IndyCar test debut with Rahal...
No description available...
4d ago from Motorsport.com
Mick Schumacher set for IndyCar test with RLL
Rahal Letterman Lanigan Racing has announced that it will bring in Mick...
4d ago from MotorsportWeek.c...
Andretti hires ex-Penske director Ron Ruzewski as...
Andretti Global announced on Wednesday that it has hired Ron Ruzewski as...
6d ago from MotorsportWeek.c...
Andretti Global signs ex-Penske Ron Ruzewski as team...
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Hyundai WRT on the attack
Hyundai Shell Mobis World Rally Team is not taking their 2025 drubbing at...
4d ago from MotorsportWeek.c...
Mandated rest periods at WRC rallies to face FIA vote
No description available...
6d ago from Motorsport.com
Hyundai call set to boost Ott Tanak’s WRC title...
No description available...
1w ago from Motorsport.com
WRC swaps Sardinia for Rome as home of Rally Italy...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Report: Man United favourites to land £80m-plus...
Manchester United are interested in signing the Juventus attacker Kenan...
1h ago from CaughtOffside.com
Saliba says Arsenal have to ‘prove we are ready to...
t;li>Defender confirms new five-year deal at club‘My choice is to...
2h ago from TheGuardian.com
Report: Arsenal have held talks with representatives...
Arsenal are interested in signing the Real Madrid attacker Arda Guler, and...
3h ago from CaughtOffside.com
“Every Real Madrid defeat is like a balm for my...
Arsenal cult hero Andrey Arshavin has expressed his desire for Real Madrid...
8h ago from SportsKeeda.com
Comments
Hottest News
Zak Brown delivers verdict on Christian Horner's potential...
McLaren CEO Zak Brown has offered his... Read More »
3h ago from MotorsportWeek.com
Zak Brown wants to get rid of 'disruptive' Max Verstappen
McLaren F1 boss Zak Brown is growing increasingly... Read More »
1h ago from GPFans.com
Hamilton pays tribute as his dog Roscoe dies
Lewis Hamilton says he has made the "hardest... Read More »
1d ago from BBC.co.uk
