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US billionaire interested in buying F1 from CVC
Reports about potential bids to buy or take control of the Formula One Group come and go fairly often. In 2011 Rupert Murdoch was rumoured to have looked at the idea and a potential stock market flotation is still on the cards, albeit in the distant future now. Some are taken seriously, others aren't. The latest rumour however should be taken with some credibility due to the billionaire's background and recent acquisitions. John Malone's Liberty Media and Discovery Communications has reportedly approached F1's current owner, CVC Capital Partners, about purchasing its 35 per cent stake and 100 per cent voting rights' as well as LBI Group Inc's 12.3 per cent stake - which has to be offloaded...
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11y ago from TheF1Times.com
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