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...
10mo 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...
10mo 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...
10mo 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...
10mo ago from F1Technical.net
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin set for private MotoGP test following...
No description available...
7h ago from Motorsport.com
Honda confirms Jorge Martin ‘an option’ for 2026...
Honda Team Manager Alberto Puig has reiterated its interest in signing...
3d ago from MotorsportWeek.c...
Liberty Media completes 4.3 billion takeover of...
Two weeks on from receiving unanimous EU approval, Liberty Media...
3d ago from MotorsportWeek.c...
Gresini reveals extent of Alex Marquez's injuries...
Gresini Racing team manager Michele Masini revealed the extent of Alex...
1w ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Scott Dixon bet on two stop strategy after he saw...
Scott Dixon took victory in Sunday’s IndyCar race from Mid-Ohio,...
7h ago from MotorsportWeek.c...
IndyCar Mid-Ohio – Race Results
IndyCar visited Mid-Ohio over the weekend for Honda’s home event and a...
23h ago from MotorsportWeek.c...
Alex Palou chooses to view costly Mid-Ohio mistake as...
Alex Palou was not the winner of Sunday’s IndyCar event from Mid-Ohio,...
21h ago from MotorsportWeek.c...
Scott Dixon capitalizes on Alex Palou’s mistake to...
The beginning of a busy stretch for IndyCar got under way on Sunday, with...
23h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Oliver Solberg goes Rally1 – Sebastien Ogier enters...
After dominant victories in WRC2 in Rally Sweden, Portugal and most...
3d ago from MotorsportWeek.c...
Oliver Solberg to make WRC Rally1 outing with Toyota...
No description available...
4d ago from Motorsport.com
New WRC 2027 regulations draw interest from tuners and...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Thomas Partey: The key questions
Sky Sports looks at the key questions surrounding the case of Thomas...
1h ago from SkySports.com
Playing loose with virtue wins no hearts, and Arsenal...
re were plenty of legally unproblematic options available to the club...
1h ago from TheGuardian.com
'It was always one of my biggest dreams' - Real Madrid...
Real Madrid star Rodrygo's comments from 2022 about his 'dream club' have...
1h ago from SportsKeeda.com
Report: 115m Premier League winger duo want to join...
Arsenal are in talks for deals to sign two Premier League wingers, with...
2h ago from FreshArsenal.com
Comments
Hottest News
A-list celeb left red-faced after embarrassing Lewis...
Lewis Hamilton left a celebrity red-faced on the... Read More »
1h ago from GPFans.com
Ferrari reveals major Lewis Hamilton problem: 'We were...
Ferrari boss Fred Vasseur has explained a major... Read More »
5h ago from RacingNews365.com
Bizarre FIA punishment issued at Silverstone over rare...
A bizarre FIA punishment was delivered during... Read More »
59m ago from GPFans.com
