News Details
Liberty Media increases stake in F1
Liberty Media has bought a further 0.4% stake in F1, increasing its overall holding to 19.1%. The 0.4% stake was acquired on 27 October for $13m and follows September's purchase of the initial 18.7% stake in F1 for $746m in cash. In total, Liberty Media now owns 19.1% of Delta Topco, F1's parent company, which is controlled by CVC which owns 38.1%. Thus far, Liberty Media has not bought any of CVC's shares but once the necessary regulatory and shareholder approval is given control will switch to the American company. According to Forbes, the original $746 million was funded with cash and borrowings including the sale of debentures which are convertible into Time Warner stock. Time Warner...
Full Story »
Full Story »
9y ago from Pitpass.com
0
You May Also Be Interested In...
Bitsize Gos – Liberty Lies
Ross tries to squash rumours surrounding Liberty Media and possible...
9y ago from F1.co.uk
Brawn plays down Liberty Media involvement
After rumours circulated earlier in the week that Ross Brawn will replace...
9y ago from PlanetF1.com
Ross Brawn denies F1's new owners have offered him a...
Ross Brawn has denied he has been offered a job running Formula 1's...
9y ago from GrandPrixTimes.com
Liberty Media take bigger bite of F1 pasty
F1 News Liberty Media take bigger bite of F1 pasty Toto says Mercedes has...
9y ago from Formula1Blog.com
Elsewhere On The Network
Popular On MGPToday.com
Alex Marquez wants more run-off at 'really, really...
No description available...
4h ago from Motorsport.com
Marc Marquez in pain after Austin crash: ‘I will...
No description available...
5h ago from Motorsport.com
Marc Marquez tops the timesheets in second US MotoGP...
Marc Marquez appeared undeterred after a heavy crash in FP1 as he...
5h ago from MotorsportWeek.c...
MotoGP United States GP: Marc Marquez leads the way in...
No description available...
7h ago from Motorsport.com
Popular On IndyCarToday.com
Christian Lundgaard aims to overcome recent qualifying...
No description available...
5h ago from Motorsport.com
Scott McLaughlin quickest over Kyle Kirkwood in...
The NTT IndyCar Series tackled the 2.38-mile Barber Motorsports Park on...
7h ago from MotorsportWeek.c...
Hunter McElrea tabbed as reserve driver by ECR
No description available...
12h ago from Motorsport.com
ECR brings on Hunter McElrea as reserve IndyCar driver
Ed Carpenter Racing has announced that Hunter McElrea will be the...
10h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Subaru teases new rally car for Japanese Championship
No description available...
1d ago from Motorsport.com
How Toyota’s new flying Finn is starting to make WRC...
No description available...
1d ago from Motorsport.com
Takamoto Katsuta backs Kalle Rovanpera to “come back...
No description available...
4d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal latest: Madueke goes off injured during...
No description available...
7h ago from SkySports.com
Arsenal preparing 35 million summer bid to sign...
Arsenal are interested in signing Real Madrid winger Brahim Diaz in the...
10h ago from SportsKeeda.com
'That would worry me a bit' - Jamie Carragher sheds...
Jamie Carragher believes Arsenal's lack of 'special players' will hurt...
12h ago from SportsKeeda.com
Report: Arsenal monitoring long-time Mikel Arteta...
Arsenal are reportedly one of the clubs keeping a close eye on...
13h ago from CaughtOffside.com
Comments
Hottest News
F1 Results Today: Mercedes on top as Audi stun rivals at...
Mercedes sent out a not-so-subtle reminder to... Read More »
57m ago from GPFans.com
Antonelli outpaces Russell again to set up Suzuka...
Kimi Antonelli continues to carry the momentum of... Read More »
57m ago from SkySports.com
Japanese Grand Prix Free Practice 3 - Results
Full results from Free Practice 3 for the... Read More »
47m ago from F1i.com
