News Details
Liberty Media raises £1.2bn to support F1 takeover
XPB Images
Liberty Media has announced that it has reached agreements with third-party investors to raise $1.55 billion (£1.22bn) in connection with its purchase of Formula 1. Liberty currently has a 18.7% percent minority stake and is in the process of a takeover of the sport, which was announced last September is expected to be completed in the first quarter of 2017. The third-party investors - which are Coatue Management, L.L.C., the D. E. Shaw group, JANA Partners LLC, Ruane, Cunniff & Goldfarb Inc., Soroban Capital Partners LP, SPO Advisory Corp., and Viking Global Investors LP - have committed to the £1.22bn thanks to “subscriptions for newly issued shares of its...
Full Story »
Full Story »
You May Also Be Interested In...
Liberty Media agrees $1.55bn investor deal
– Liberty Media has announced that it has reached an agreement with...
9y ago from GPUpdate.net
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 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 Media to vote on F1 buyout in January
Chase Carey with Bernie Ecclestone F1's acquisition by Liberty Media will...
9y ago from ThisIsF1.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez: 'It's not that the others are going...
No description available...
7h ago from Motorsport.com
Pedro Acosta ‘barely makes it through’ to Q2 after...
No description available...
7h 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...
10h ago from MotorsportWeek.c...
What’s behind Honda’s pace-setting speed in French...
No description available...
8h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar postpones IMS qualifying due to rain
The NTT IndyCar Series has postponed qualifying due to continuing...
2h ago from MotorsportWeek.c...
Enzo Fittipaldi snags first Indy NXT win in Race 1 of...
No description available...
3h ago from Motorsport.com
Rain washes out IndyCar qualifying at Indianapolis...
No description available...
2h 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...
6h ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Portugal: Organisers investigate major stage...
No description available...
5h ago from Motorsport.com
WRC Portugal: Adrien Fourmaux off gives Sebastien...
No description available...
8h ago from Motorsport.com
Dani Sordo questions “stupid” WRC tyre rules amid...
No description available...
12h ago from Motorsport.com
WRC Portugal: Hyundai on top as overnight leader...
No description available...
13h ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta urges Arsenal to ‘channel energy’ in...
ager dismisses criticism from the ‘celebration police’ and is focused...
3h ago from TheGuardian.com
The seven games that will decide whether Arsenal or...
enal have the advantage in the Premier League title race but will they...
3h ago from TheGuardian.com
Andrea Berta a huge admirer of 26-year-old Liverpool...
Arsenal are interested in signing the Atalanta midfielder Ederson Dos...
4h ago from CaughtOffside.com
Arsenal and Man City battle for 55m Spanish attacker...
Matias Fernandez-Pardo has been linked with a move away from LOSC Lille at...
4h ago from CaughtOffside.com
Comments
Hottest News
Thought F1 was bad? INDYCAR drivers rage over crazy rules:...
An IndyCar rule change has confused all involved,... Read More »
4h ago from GPFans.com
Aston Martin 2026 flop ‘the biggest blunder in F1...
Aston Martin is experiencing a true F1 disaster... Read More »
5h ago from GPFans.com
Charles Leclerc splashes the cash as FIA confirm huge 2027...
The news never stops here at RacingNews365 so... Read More »
5h ago from RacingNews365.com
