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
Jorge Martin has no “regrets” after attempts to...
No description available...
9h ago from Motorsport.com
Jorge Martin confirms decision to remain with Aprilia...
Reigning MotoGP World Champion Jorge Martin has reversed his decision to...
11h ago from MotorsportWeek.c...
Yamaha V4 engine ‘two seconds slower' than...
Yamaha rider Alex Rins revealed that the manufacturer’s V4 project is...
15h ago from MotorsportWeek.c...
Yamaha's V4 MotoGP engine "not fast enough,”...
No description available...
14h ago from Motorsport.com
Popular On IndyCarToday.com
Kyle Kirkwood says people should appreciate Alex...
No description available...
8h ago from Motorsport.com
Arrow McLaren's Nolan Siegel cleared to race in Toronto
No description available...
10h ago from Motorsport.com
IndyCar Iowa – Race 1 Results
The first race of IndyCar’s double-header weekend from Iowa Speedway...
1d ago from MotorsportWeek.c...
Taylor Barnard rejected McLaren IndyCar and WEC offers...
Taylor Barnard has turned down the chance to race for Arrow McLaren in...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
The key questions ahead of WRC Rally Estonia
No description available...
10h ago from Motorsport.com
Why Adrian Newey “goes to another office” to avoid...
No description available...
1d ago from Motorsport.com
Rally Portugal criticism forces WRC, FIA to rethink...
No description available...
1d ago from Motorsport.com
Sudden failure forces Adrien Fourmaux out of Rally...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Joao Palhinha addresses Bayern Munich future amid...
Joao Palhinha has addressed his future at Bayern Munich amid speculation...
6h ago from SportsKeeda.com
Bayern Munich would prefer a move for Liverpool star...
Bayer Munich reportedly prefer to sign Luis Diaz from Liverpool over...
10h ago from SportsKeeda.com
Talks 'in London' taking place 'every single minute'...
Fabrizio Romano says that talks are still ongoing in London as Arsenal...
13h ago from CaughtOffside.com
'It's sad when fans are making a player's life...
Former Arsenal midfielder Anders Limpar has asserted that Noni Madueke is...
11h ago from SportsKeeda.com
Comments
Hottest News
Ferrari considering radical McLaren step involving Fred...
The Italian media have claimed that a radical... Read More »
10h ago from RacingNews365.com
Cadillac boss confirms Daniel Ricciardo decision on F1...
Cadillac F1 boss Graeme Lowdon has delivered a... Read More »
6h ago from GPFans.com
Ex-F1 driver claims Christian Horner and Jos Verstappen...
Former Formula 1 driver Ralf Schumacher has... Read More »
11h ago from MotorsportWeek.com
