News Details
Liberty Media agrees $1.55bn investor deal
– Liberty Media has announced that it has reached an agreement with third-party investors to raise $1.55bn in connection with its planned purchase of Formula 1.American entertainment company Liberty set out its intention to purchase Formula 1 back in September, in a deal which will cost $8 billion in total.It initially took on an 18.7 per cent stake, in a $746 million cash deal, and ultimately intends to acquire 100 per cent of Delta Topco's shares, the parent company of Formula 1.Third-party investors are Coatue Management, the Shaw group, JANA Partners, Ruane, Cunniff & Goldfarb, Soroban Capital Partners, SPO Advisory, and Viking Global Investors.F1 Chairman Chase Carey said:...
Full Story »
Full Story »
7y ago from GPUpdate.net
0
You May Also Be Interested In...
Liberty agrees $1.55bn deal with investors for F1...
Liberty Media has announced an agreement with third-party investors to...
7y ago from Motorsport.com
Liberty shareholders to vote on F1 purchase plan
Liberty Media's shareholders have been called to a meeting early next...
7y ago from Motorsport.com
Liberty shareholders to vote on F1 purchase
– Liberty Media shareholders will meet next month to vote on...
7y ago from GPUpdate.net
Liberty shareholders to vote on purchase
– Liberty Media shareholders will meet next month to vote on...
7y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
Bagnaia: Australia Q2 spot was never in doubt despiite...
No description available...
1h ago from Motorsport.com
Iannone set to replace di Giannantonio for MotoGP's...
No description available...
24m ago from Motorsport.com
Marquez says “these were my conditions” after...
No description available...
2h ago from Motorsport.com
MotoGP Australian GP: Marquez streaks ahead in sole...
No description available...
5h ago from Motorsport.com
Popular On IndyCarToday.com
Grand Prix of Arlington set to be IndyCar’s “first...
No description available...
20h ago from Motorsport.com
Lundgaard feels “more natural pace” with Arrow...
No description available...
2d ago from Motorsport.com
Hailie Deegan shifting to Indy NXT for 2025 with HMD...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
WRC Central Europe: Neuville grabs lead, Mikkelsen...
No description available...
1h ago from Motorsport.com
WRC Central Europe: Ogier leaps into early lead from...
No description available...
17h ago from Motorsport.com
Stewards dismiss Rally Chile FIA petition, Rossel...
No description available...
16h ago from Motorsport.com
Ogier grabs early lead in Central European Rally
Two stages and 14.33km of action on the opening day of the WRC Central...
16h ago from MotorsportWeek.c...
Popular On GunnersToday.com
Mikel Arteta provides injury update on nine Arsenal...
Arsenal manager Mikel Arteta is keeping his fingers crossed that Bukayo...
1h ago from SportsMole.co.uk
Mikel Arteta suggests he would be open to managing...
t;li>Arsenal manager has strong ‘feeling’ for the countrySpainard...
34m ago from TheGuardian.com
Charlie Patiño: ‘I’d been at Arsenal a long time....
er glorious start at Arsenal the midfielder found pathway blocked and has...
1h ago from TheGuardian.com
Mikel Arteta provides injury update on Arsenal trio...
No description available...
34m ago from SportsKeeda.com
Comments
Hottest News
Hamilton reacts to Red Bull controversy: 'God knows how...
Lewis Hamilton seemed to vindicate Red Bull... Read More »
2h ago from GPBlog.com
Sainz: My Ferrari end and Williams begining are separate...
Carlos Sainz is heading into his final six races... Read More »
54m ago from GrandPrix247.com
Verstappen expresses his expectations about Red Bull...
Red Bull Racing have spoken highly of the... Read More »
54m ago from GPBlog.com
