News Details
Liberty raising $1.55bn with third-party investors for F1 purchase
Liberty Media has revealed that it has reached an agreement with a number of third-party investors as it seeks to complete its buy-out of Formula One. 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 all agreed to help fund the acquisition through a subscription of Liberty's common stock, which is valued at around $25 per share. 'We are excited that this impressive list of investors will participate in the acquisition of Formula 1,' said Greg Maffei, President and Chief Executive Officer of Liberty Media. 'This group shares our enthusiasm for the sport and...
Full Story »
Full Story »
8y ago from Pitpass.com
0
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 raises $1.55bn to support Formula 1...
Liberty Media has announced that it has come to an agreement with various...
8y ago from GrandPrixTimes.com
Liberty Media raises £1.2bn to support F1 takeover
XPB Images
Liberty Media has announced that it has reached...
8y ago from F1i.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
Elsewhere On The Network
Popular On MGPToday.com
BMW Motorrad looking to buyout KTM – report
Reports indicate that German manufacturer BMW Motorrad is looking to buy...
10h ago from MotorsportWeek.c...
Reigning MotoGP champion Martin will miss Thai GP due...
No description available...
10h ago from Motorsport.com
Jorge Martin to miss Thai MotoGP season opener
Reigning MotoGP champion Jorge Martin will miss out on the season opener...
9h ago from MotorsportWeek.c...
Rating the prospects of MotoGP’s 2025 rookie crop
No description available...
13h ago from Motorsport.com
Popular On IndyCarToday.com
Zak Brown outlines investment that could maximize...
McLaren Racing CEO Zak Brown has released a public letter covering...
8h ago from MotorsportWeek.c...
Team Penske quickest in final IndyCar test day
The NTT IndyCar Series held its second and final preseason open test day...
6d ago from MotorsportWeek.c...
Pato O’Ward fastest in first day of IndyCar...
The entire NTT IndyCar Series paddock set up shop in Sebring, Florida on...
1w ago from MotorsportWeek.c...
Pit lane speed adjustments made for 2025 IndyCar season
The NTT IndyCar Series has announced a few changes for the upcoming 2025...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC drivers follow F1 in statement to FIA president
World Rally Championship drivers have penned a strongly-worded statement...
11h ago from MotorsportWeek.c...
WRC drivers call on FIA president for “urgent...
No description available...
14h ago from Motorsport.com
Elfyn Evans wins Rally Sweden by a whisker
Super Sunday on Rally Sweden was just that! After 300km of hard racing,...
1w ago from MotorsportWeek.c...
Elfyn Evans under pressure on Rally Sweden –...
Elfyn Evans and Scott Martin maintained their lead on Rally Sweden after...
1w ago from MotorsportWeek.c...
Popular On GunnersToday.com
Thomas Tuchel holds talks with Arsenal's Ben White...
New England head coach Thomas Tuchel reportedly holds talks with Arsenal's...
1h ago from SportsMole.co.uk
Arsecast Extra Episode 627 – 24.02.2025
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
3h ago from Arseblog.com
Nottingham Forest vs. Arsenal: Head-to-head record and...
Sports Mole looks at the head-to-head record and previous meetings between...
7h ago from SportsMole.co.uk
“I bet those renewals are all going to be slow” -...
No description available...
6h ago from SportsKeeda.com
Comments
Hottest News
Aston Martin fools F1 rivals with surprise car design...
The 2025 Aston Martin F1 car hit the track in... Read More »
12h ago from RacingNews365.com
Aston Martin go sneaky with new F1 car as Doohan gets fresh...
Check out all the biggest stories of the day with... Read More »
4h ago from RacingNews365.com
Christian Horner Red Bull exit verdict issued as contract...
Red Bull Formula 1 team principal Christian... Read More »
2h ago from GPFans.com
