News Details
Liberty sells $825m stake in Formula One to acquire MotoGP
©MotoGP Phillip van Osten
23/08/2024 at 07:1923/08/2024 at 07:28 Formula One’s parent company, Liberty Media, has announced a public offering of 10,650,000 shares of its Series C Liberty Formula One Common Stock to raise $825 million, primarily to finance its acquisition of MotoGP. The public offering, priced at $77.50 per share, will generate the necessary capital to complete the $4.2 billion all-cash deal for Dorna Sports, the company that owns and operates MotoGP. In addition to funding the acquisition, a portion of the proceeds will be allocated for corporate purposes, including debt repayment. Liberty Media has also granted the underwriter of the offering – Goldman Sachs & Co –...
Full Story »
Full Story »
You May Also Be Interested In...
Liberty to sell F1 shares to fund MotoGP deal
Aug.22 Liberty Media will partly fund its acquisition of MotoGP by...
1y ago from OneStopStrategy.com
Ralf's ex-wife hurt by public ‘coming out' story
Aug.19 Ralf Schumacher's ex-wife says she feels hurt by the former...
1y ago from OneStopStrategy.com
Praise for Verstappen: 'Max would succeed in this...
Ten seasons have now passed and in that time Formula E has developed into...
1y ago from GPBlog.com
How has Formula One contributed to a better, more...
Formula One has taken key steps in recent months to achieve a more...
1y ago from F1Technical.net
Elsewhere On The Network
Popular On MGPToday.com
Ducati anticipates ‘2024 version’ of Francesco...
Ducati Team Manager Davide Tardozzi is “very confident” Francesco...
8h ago from MotorsportWeek.c...
Marc Marquez admits ‘my body will force me to retire...
No description available...
8h ago from Motorsport.com
Honda completes another test with 2027 bike as Ducati...
No description available...
1d ago from Motorsport.com
Jorge Martin: Aprilia signed me to win the title,...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Grand Prix of Long Beach set for leadership change
No description available...
2d ago from Motorsport.com
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
1d ago from MotorsportWeek.c...
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
2d ago from MotorsportWeek.c...
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Nani Roma: Dakar 2026 at 'F1 level' after close fight
No description available...
2h ago from Motorsport.com
Dakar 2026: Dacia edges Ford and Toyota as Nasser...
No description available...
7h ago from Motorsport.com
Luciano Benavides defeats Ricky Brabec by two seconds...
No description available...
9h ago from Motorsport.com
Ford's Nani Roma survives late crash and fuel drama to...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
“One of the best news of this weekend”, “King is...
Arsenal fans are delighted to see Cristhian Mosquera included in the...
2h ago from SportsKeeda.com
Nottingham Forest v Arsenal: Premier League – live
Premier League updates from the 5.30pm GMT kick-off<br>⚽ <a...
2h ago from TheGuardian.com
Nottingham Forest vs Arsenal preview: Gunners can go...
No description available...
4h ago from SkySports.com
'Seen as inevitable' – Worrying Arsenal update...
Arsenal manager Mikel Arteta is reportedly attracting interest from big...
6h ago from CaughtOffside.com
Comments
Hottest News
F1 News Today: Lewis Hamilton all smiles after Ferrari...
A former FIA steward has suggested that former... Read More »
2h ago from GPFans.com
Cadillac first secrets revealed as Sergio Perez gives new...
Technical analyst Paolo Filisetti casts his eye... Read More »
58m ago from RacingNews365.com
Lewis Hamilton now open to reunite with 'Bono' at Ferrari,...
If Lewis Hamilton's F1 career was a movie we'd be... Read More »
2h ago from GPFans.com
