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Liberty Media confirms antitrust investigation by U.S. DOJ
Liberty Media says it is facing an antitrust investigation by the U.S. Department of Justice over its rejection of Andretti Global’s Formula 1 bid.
Liberty Media told investors that it “has received notification from the Department of Justice, Antitrust Division that an investigation has been opened with respect to Formula 1’s conduct concerning the application by Andretti Formula Racing to enter the FIA Formula One World Championship.” Liberty Media President and CEO Greg Maffei addressed the investigation discussed during a quarterly earnings call earlier this week. “We intend to fully cooperate with that investigation, including any related request for information,” Maffei...
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09/08/2024 at 08:4309/08/2024 at 09:04...
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