News Details
Liberty agrees $1.55bn deal with investors for F1 purchase
Liberty Media has announced an agreement with third-party investors to raise $1.55 billion to support the purchase of Formula 1. Liberty bought a controlling stake in the sport back in September, in a deal worth $8 billion. The deal was for a 19.1 percent stake, brought from main shareholder CVC Capital Partners. On Wednesday, Liberty said a deal with investors had been reached to fund the acquisition. The third-party investors are Coatue Management, the Shaw group, JANA Partners, Ruane, Cunniff & Goldfarb, Soroban Capital Partners, SPO Advisory, and Viking Global Investors. The investors have committed to the financing through a subscription of Liberty's common stock, valued at $25 per...
Full Story »
Full Story »
9y ago from Motorsport.com
0
You May Also Be Interested In...
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 Media shareholders set for January vote on F1...
Liberty Media shareholders will vote on whether or not the media...
9y ago from GrandPrixTimes.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
Marc Marquez: 'It's not that the others are going...
No description available...
12h ago from Motorsport.com
Johann Zarco tops second MotoGP practice at Le Mans,...
Johann Zarco continued Honda's Friday dominance to top the second MotoGP...
16h ago from MotorsportWeek.c...
Pedro Acosta ‘barely makes it through’ to Q2 after...
No description available...
12h ago from Motorsport.com
What’s behind Honda’s pace-setting speed in French...
No description available...
14h ago from Motorsport.com
Popular On IndyCarToday.com
Enzo Fittipaldi snags first Indy NXT win in Race 1 of...
No description available...
9h ago from Motorsport.com
IndyCar postpones IMS qualifying due to rain
The NTT IndyCar Series has postponed qualifying due to continuing...
8h ago from MotorsportWeek.c...
Rain washes out IndyCar qualifying at Indianapolis...
No description available...
8h ago from Motorsport.com
Second IndyCar practice at IMS headed up by Alex Palou
IndyCar took to the Indianapolis Motor Speedway road course for the...
12h ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Portugal: Organisers investigate major stage...
No description available...
10h ago from Motorsport.com
WRC Portugal: Adrien Fourmaux off gives Sebastien...
No description available...
13h ago from Motorsport.com
WRC Portugal: Hyundai on top as overnight leader...
No description available...
19h ago from Motorsport.com
Dani Sordo questions “stupid” WRC tyre rules amid...
No description available...
18h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal and Man City battle for 55m Spanish attacker...
Matias Fernandez-Pardo has been linked with a move away from LOSC Lille at...
10h ago from CaughtOffside.com
The seven games that will decide whether Arsenal or...
enal have the advantage in the Premier League title race but will they...
9h ago from TheGuardian.com
Mikel Arteta urges Arsenal to ‘channel energy’ in...
ager dismisses criticism from the ‘celebration police’ and is focused...
9h ago from TheGuardian.com
Andrea Berta a huge admirer of 26-year-old Liverpool...
Arsenal are interested in signing the Atalanta midfielder Ederson Dos...
10h ago from CaughtOffside.com
Comments
Hottest News
F1 News Today: Lewis Hamilton's Ferrari fury, F1 star slams...
Lewis Hamilton has shown frustration over... Read More »
21m ago from GPFans.com
Charles Leclerc reacts to incredible Ferrari statistic:...
Charles Leclerc has been around Ferrari for a... Read More »
21m ago from RacingNews365.com
Max Verstappen told to ignore Mercedes as alternative team...
The four-time F1 champion has been handed clear... Read More »
1h ago from RacingNews365.com
