News Details
Liberty Media raises £1.2bn to support F1 takeover
XPB Images
Liberty Media has announced that it has reached agreements with third-party investors to raise $1.55 billion (£1.22bn) in connection with its purchase of Formula 1. Liberty currently has a 18.7% percent minority stake and is in the process of a takeover of the sport, which was announced last September is expected to be completed in the first quarter of 2017. The third-party investors - which are Coatue Management, L.L.C., the D. E. Shaw group, JANA Partners LLC, Ruane, Cunniff & Goldfarb Inc., Soroban Capital Partners LP, SPO Advisory Corp., and Viking Global Investors LP - have committed to the £1.22bn thanks to “subscriptions for newly issued shares of its...
Full Story »
Full Story »
You May Also Be Interested In...
Liberty Media agrees $1.55bn investor deal
– Liberty Media has announced that it has reached an agreement with...
8y ago from GPUpdate.net
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 agrees $1.55bn deal with investors for F1...
Liberty Media has announced an agreement with third-party investors to...
8y ago from Motorsport.com
Liberty Media to vote on F1 buyout in January
Chase Carey with Bernie Ecclestone F1's acquisition by Liberty Media will...
8y ago from ThisIsF1.com
Elsewhere On The Network
Popular On MGPToday.com
The “next-level” chassis that can deliver up to...
No description available...
1h ago from Motorsport.com
The striking change in Pedro Acosta’s mindset and...
No description available...
6h ago from Motorsport.com
Marc Marquez reveals how ‘different riding styles’...
Marc Marquez believes his “different riding style” to brother Alex...
6h ago from MotorsportWeek.c...
Jorge Martin explains contrast between his MotoGP...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Robert Shwartzman refutes rumors about unhappiness in...
Robert Shwartzman has denied that he is unhappy in IndyCar after wrapping...
9m ago from MotorsportWeek.c...
Christian Lundgaard calls first McLaren season a...
No description available...
22h ago from Motorsport.com
Rinus VeeKay separates from Dale Coyne Racing
Rinus VeeKay will not race with Dale Coyne Racing next season after...
1w ago from MotorsportWeek.c...
Colton Herta leaves IndyCar to pursue F1 with Cadillac...
The Cadillac F1 Team has announced that it has hired IndyCar star Colton...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
1w ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'I thought it was a strange decision' - Pundit...
Former Chelsea defender Paul Parker has claimed that Arsenal and England...
2h ago from SportsKeeda.com
This Arsenal star is 'exceptional' for his national...
Arsenal expert Charles Watts has heaped praise into Mikel Merino for his...
1h ago from CaughtOffside.com
'Not that sure' – Seriousness of Arsenal star's...
The seriousness of William Saliba's injury has not yet been confirmed,...
2h ago from CaughtOffside.com
Exclusive: Arsenal star has had Saudi transfer...
Arsenal forward Gabriel Martinelli could be facing an uncertain future...
3h ago from CaughtOffside.com
Comments
Hottest News
Lando Norris makes surprising ‘papaya rules'...
Lando Norris has made the surprising claim that... Read More »
1h ago from MotorsportWeek.com
F1 News Today: Wolff slams 'terrible' decision as Hamilton...
F1 stars Lewis Hamilton and Max Verstappen are... Read More »
1h ago from GPFans.com
Newey believes new car ‘will be the best' –...
Sep.10 Fernando Alonso says the arrival of... Read More »
7h ago from OneStopStrategy.com
