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...
3mo 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...
3mo 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...
3mo 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...
3mo ago from F1Technical.net
Elsewhere On The Network
Popular On MGPToday.com
Maverick Vinales has a ‘good feeling' about...
Maverick Vinales says he has “a good feeling” about his relationship...
13h ago from MotorsportWeek.c...
Bagnaia: MotoGP radio system is not ready yet and can...
No description available...
16h ago from Motorsport.com
Ducati trials two-way radio communication in Barcelona...
Ducati has reportedly trialled a two-way radio at the end of the recent...
2d ago from MotorsportWeek.c...
Yamaha debuts new front wing in Barcelona MotoGP test
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
NFL Hall of Famer announced as Indy 500 pace car driver
Michael Strahan, an American football Hall of Fame athlete and television...
10h ago from MotorsportWeek.c...
Robb signing a push for “Stability” for Juncos...
No description available...
8h ago from Motorsport.com
Michael Strahan confirmed as honorary pace car driver...
No description available...
1d ago from Motorsport.com
MSR believes Logan Sargeant deserves a chance in...
Earlier in the week, Logan Sargeant joined a few other drivers in...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Toyota Gazoo Racing announces strong WRC line-up for...
Toyota Gazoo Racing World Rally Team has announced its line-up for the...
18h ago from MotorsportWeek.c...
Toyota expands WRC driver line-up for 2025, Kankkunen...
No description available...
19h ago from Motorsport.com
Toyota's final stage WRC manufacturer triumph in Japan...
No description available...
1d ago from Motorsport.com
Rally Japan organisers hit with hefty 50,000 fine for...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Sporting vs Arsenal preview: Tierney part of...
No description available...
4h ago from SkySports.com
Mikel Arteta challenges Arsenal to be more ruthless on...
t;li>Arsenal have won one in eight continental away gamesArteta’s...
3h ago from TheGuardian.com
Arsenal transfer news: Gunners 'set to reject' any...
Arsenal are reportedly preparing to reject all offers for centre-back...
8h ago from SportsMole.co.uk
Almost a perfect weekend for Arsenal, plus what next...
Almost a perfect weekend for Arsenal, so what’s the state of the title...
6h ago from CaughtOffside.com
Comments
Hottest News
Verstappen set for MAJOR loss after championship win
Max Verstappen is set for a major loss despite... Read More »
7h ago from GPFans.com
SHOCK Vettel return revealed as Horner makes huge Red Bull...
Sebastian Vettel’s career has taken a surprise... Read More »
2h ago from GPFans.com
Michael Andretti issues first comment after Cadillac F1 deal
General Motors and Cadillac have reached an... Read More »
6h ago from RacingNews365.com
