News Details
'Liberty Media wants to raise 500 million for new business'
Liberty Media hopes to add new activities to its portfolio, but for this it must first raise a share issue of around 500 million. New company founded Motorsport.com reported this on Saturday. A separate company has been created to raise money called Libert Media Acquisition Corporation, or LMAC. The new company will be led by Greg Maffei, the CEO of Liberty Media. Although it seems that this does not have much to do with Formula 1, things are different. LMAC will be legally linked to the Formula One Group and therefore the money raised might have a connection with Formula One activities. Read more Christian Horner: The story behind the longest-serving team boss in Formula 1 Lammers: 'His...
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5y ago from GPBlog.com
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