News Details
Liberty Media raises $1.55bn to support Formula 1 takeover
Liberty Media has announced that it has come to an agreement with various third-party investors to raise $1.55 billion (£1.22bn) in funding to support its purchase of Formula 1. The American media conglomerate has already paid just under $1bn for an 18.7 per cent stake in F1's parent company Delta Topco this September and is looking to acquire the remaining 81.3 per cent to give it a majority shareholding in the sport. It's expected a deal to acquire the remainder of Delta Topco will be completed in the first quarter of 2017 – pending a shareholder vote in January – and this latest round of investment from a number of third-party investors has boosted Liberty...
Full Story »
Full Story »
8y ago from GrandPrixTimes.com
0
You May Also Be Interested In...
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 raise $1.55 billion to fund Formula 1...
Liberty Media Corp (LMCA.O), led by U.S. cable mogul John Malone, said on...
8y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Somkiat Chantra to move to WSBK with Honda after...
No description available...
3h ago from Motorsport.com
Alex Marquez crashed out of Catalan GP sprint because...
No description available...
1h ago from Motorsport.com
MotoGP Catalan GP: Marc Marquez inherits sprint win as...
No description available...
2h ago from Motorsport.com
Marc Marquez gifted dramatic Barcelona MotoGP Sprint...
Marc Marquez was gifted a dramatic MotoGP Sprint victory after his...
2h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Rinus VeeKay separates from Dale Coyne Racing
Rinus VeeKay will not race with Dale Coyne Racing next season after...
3d 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...
2d ago from MotorsportWeek.c...
Will Power to replace Colton Herta at Andretti in 2026
No description available...
2d ago from Motorsport.com
IndyCar moves street race from Toronto to Markham for...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
5d ago from Motorsport.com
Sebastian Ogier wants WRC title by “winning...
No description available...
5d ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Days after signing Ukraine international Zinchenko...
Nottingham Forest owner Evangelos Marinakis has made a controversial point...
47m ago from SportsKeeda.com
Arsenal face risk of Viktor Gyokeres missing games as...
Arsenal face the risk of their star striker Viktor Gyokeres missing games...
1h ago from SportsKeeda.com
‘No chance of happening' – Fabrizio Romano...
Reports linking Leandro Trossard with a shock move away from Arsenal have...
4h ago from CaughtOffside.com
Arsenal latest: 'Trossard to stay despite Besiktas...
No description available...
1h ago from SkySports.com
Comments
Hottest News
F1 Qualifying Results: George Russell stuns McLaren with...
Mercedes F1 star George Russell has stunned... Read More »
1h ago from GPFans.com
F1 2025 Italian Grand Prix – FP3 Results
Lando Norris clocked the quickest time over... Read More »
4h ago from MotorsportWeek.com
F1 Qualifying Results: Verstappen on top in Monza after...
Reigning F1 champion Max Verstappen went fastest... Read More »
1h ago from GPFans.com
