News Details

Liberty Media stockholders approve proposals for F1 acquisition

Liberty Media has crept closer to its takeover of Formula 1 after stockholders voted in favour of its proposal to acquire the championship. American company Liberty announced its plans last September to purchase Delta Topco, the parent company of Formula 1, and initially took on an 18.7 per cent stake in a cash deal, valuing the brand at $8 billion. Liberty announced in December that it had agreed deals with third party investors to raise $1.55bn and that it had received the approval of antitrust authorities. Liberty still required the approval from its stockholders, who met on Tuesday to give the green light to the takeover. “The holders of its common stock entitled to vote thereat...
Full Story »
Share

You May Also Be Interested In...

Liberty Media stockholders approve F1 acquisition plan

Liberty Media's plans to take control of Formula 1 took a further step...
9y ago from Motorsport.com

Liberty Media take big step toward final acquisition...

F1 News Liberty Media take big step toward final acquisition of F1 A...
9y ago from Formula1Blog.com

Shareholders agree to Liberty Media’s F1 takeover

A special shareholder meeting of US-based Liberty Media has given the...
9y ago from SpeedCafe.com

FIA calls WMSC meeting as Liberty’s F1 takeover...

Liberty Media's plans to take control of Formula 1 could take a big step...
9y ago from Motorsport.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Takuma Sato makes Indy 500 return with RLL

Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
21h ago from MotorsportWeek.c...

Helio Castroneves confirms return for 26th...

Helio Castroneves has confirmed that he will take part in the upcoming...

Popular On TotalWRC.com

WRC Rally Scotland brings top tier rallying back to...

The 2027 WRC calendar should have an exciting new event on the calendar:...

Popular On GunnersToday.com

Thierry Henry tips 'oustanding' Arsenal bargain...

Arsenal legend Thierry Henry has backed goalkeeper David Raya to win...
5h ago from CaughtOffside.com

Episode 868: Eze cooks; Rice …

Welcome to another episode of the Arsecast – the Arsenal podcast. In...
6h ago from Arseblog.com

Newcastle rival Arsenal & Manchester City for...

Newcastle United are one of the clubs reported to have set their sights on...
6h ago from CaughtOffside.com

Premier League club could demand “in excess” of...

Manchester United and Arsenal are both looking to strengthen their...
7h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.