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Liberty F1 deal facing anti-competition probe
– Liberty Media's planned purchase of Formula 1 is to face an investigation by Britain's Competition and Markets Authority (CMA) to ensure it does not breach anti-competition laws.In September, Liberty Media announced that it had agreed to acquire Formula 1 from a consortium of sellers, led by CVC Capital Partners, in a deal which will cost $8 billion in total.It has initially taken on an 18.7 per cent stake, through a $746 million cash payment, and will ultimately acquire 100 per cent of Delta Topco's shares, Formula 1's parent company.Due to close in early 2017, the acquisition is subject to conditions, including "certain clearances and approvals by antitrust and competition...
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9y ago from GPUpdate.net
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