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 »
9y 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...
9y ago from Motorsport.com
Liberty shareholders to vote on F1 purchase plan
Liberty Media's shareholders have been called to a meeting early next...
9y ago from Motorsport.com
Liberty shareholders to vote on F1 purchase
– Liberty Media shareholders will meet next month to vote on...
9y ago from GPUpdate.net
Liberty shareholders to vote on purchase
– Liberty Media shareholders will meet next month to vote on...
9y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
Toprak Razgatlioglu: Yamaha struggles make me think...
No description available...
44m ago from Motorsport.com
Best wildcard performances in the MotoGP era
No description available...
23h ago from Motorsport.com
Is Alex Marquez’s Jerez MotoGP breakthrough real or...
No description available...
2d ago from Motorsport.com
Should there be a tear-off rule following Marco...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
FOX unveils plan for 60 hours of Indy 500 coverage
No description available...
15h ago from Motorsport.com
Motorsport legend Alex Zanardi dies aged 59
Ex-F1 and CART driver Alex Zanardi has passed away aged 59. His family...
3d ago from MotorsportWeek.c...
Mick Schumacher shares injury update after breaking...
No description available...
4d ago from Motorsport.com
Zanardi: The man whose name is a synonym for “hero”
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Why Hyundai’s WRC season “really starts” at...
No description available...
22h ago from Motorsport.com
M-Sport weighs up WRC new car build as all options...
No description available...
5d ago from Motorsport.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
5d ago from Motorsport.com
How Dani Sordo brings "different ideas" to...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
How many more points do Arsenal need to win Premier...
The Premier League title race took another incredible twist on Monday...
54m ago from SportsKeeda.com
5-year-contract: Journo drops transfer bombshell for...
Bayern Munich are wasting absolutely no time making their intentions clear...
1h ago from CaughtOffside.com
'It really is contagious' - Martin Zubimendi reveals...
Arsenal midfielder Martin Zubimendi has mentioned the two attributes he...
24m ago from SportsKeeda.com
Everton troll Manchester City fan who went viral with...
Everton mocked Manchester City fan Tal Rehman, who went viral with his...
2h ago from SportsKeeda.com
Comments
Hottest News
F1 star Carlos Sainz splits his pants and girlfriend...
Williams F1 driver Carlos Sainz amused his... Read More »
1h ago from GPFans.com
Martin Brundle responds to bizarre Jimmy Fallon F1 Miami GP...
Sky Sports commentator Martin Brundle has... Read More »
1h ago from MotorsportWeek.com
F1 face problem not seen for over 30 years and it's...
Whatever you think of modern Formula 1, including... Read More »
2h ago from GPFans.com
