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FIA approves Liberty Media's acquisition of Formula 1
The FIA has approved the acquisition of Formula 1 by Liberty Media following an extraordinary meeting of the World Motor Sport Council (WMSC) in Geneva on Wednesday. Liberty Media announced in September that it had agreed an $8 billion deal to purchase Delta Topco, Formula 1's parent company, and aimed for the deal to be completed during the first quarter of 2017. Following the approval of plans for the acquisition from Liberty shareholders on Tuesday, the FIA has now green lighted the deal, approving the sale of F1's commercial rights as required. 'The World Motor Sport Council has unanimously approved the change of control of Delta Topco Limited (the holding company of...
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8y ago from MotorsportWeek.com
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