News Details
Liberty Media agrees $1.55bn investor deal
– Liberty Media has announced that it has reached an agreement with third-party investors to raise $1.55bn in connection with its planned purchase of Formula 1.American entertainment company Liberty set out its intention to purchase Formula 1 back in September, in a deal which will cost $8 billion in total.It initially took on an 18.7 per cent stake, in a $746 million cash deal, and ultimately intends to acquire 100 per cent of Delta Topco's shares, the parent company of Formula 1.Third-party investors are Coatue Management, the Shaw group, JANA Partners, Ruane, Cunniff & Goldfarb, Soroban Capital Partners, SPO Advisory, and Viking Global Investors.F1 Chairman Chase Carey said:...
Full Story »
Full Story »
9y ago from GPUpdate.net
0
You May Also Be Interested In...
Liberty agrees $1.55bn deal with investors for F1...
Liberty Media has announced an agreement with third-party investors to...
9y ago from Motorsport.com
Liberty shareholders to vote on F1 purchase plan
Liberty Media's shareholders have been called to a meeting early next...
9y ago from Motorsport.com
Liberty shareholders to vote on F1 purchase
– Liberty Media shareholders will meet next month to vote on...
9y ago from GPUpdate.net
Liberty shareholders to vote on purchase
– Liberty Media shareholders will meet next month to vote on...
9y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
Fabio Di Giannantonio secures pole position on...
VR46 Ducati's Fabio Di Giannantonio ended a four-year drought to claim...
42m ago from MotorsportWeek.c...
Ai Ogura fastest in final Brazilian MotoGP practice
Trackhouse Racing rider Ai Ogura recorded the fastest time in the final...
1h ago from MotorsportWeek.c...
MotoGP Brazilian GP: Fabio di Giannantonio takes pole...
No description available...
42m ago from Motorsport.com
Marco Bezzecchi puzzled after P20: ‘We had some...
No description available...
4h ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
3d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
3d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
4d ago from MotorsportWeek.c...
Helio Castroneves to attempt 2026 Indianapolis 500...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
6h ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
10h ago from Motorsport.com
Takamoto Katsuta breaks down in tears after...
No description available...
10h ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
10h ago from Motorsport.com
Popular On GunnersToday.com
Pep Guardiola appears to confirm star man will not...
Manchester City boss Pep Guardiola has seemingly confirmed the...
3h ago from SportsKeeda.com
'Their guru is all about fouling the goalkeeper' -...
Graeme Souness has criticized Arsenal's set-piece tactics while also...
6h ago from SportsKeeda.com
Saturday round-up: Saka and Merse, modern football,...
Morning all. Let's have a quick Saturday round-up, because while obviously...
7h ago from Arseblog.com
Mikel Arteta provides fitness update on 2 key Arsenal...
Arsenal manager Mikel Arteta has hinted that Martin Odegaard and Jurrien...
9h ago from SportsKeeda.com
Comments
Hottest News
F1 News Today: Max Verstappen left laughing as Mercedes...
Four-time F1 champion Max Verstappen has been... Read More »
1h ago from GPFans.com
Max Verstappen left laughing after Nurburgring triumph
Max Verstappen will start today's 58th ADAC... Read More »
4h ago from GPFans.com
Racing Bulls reveal stunning one-off livery for F1 Japanese...
Racing Bulls has revealed a stunning one-off... Read More »
1h ago from MotorsportWeek.com
