News Details
Liberty Media raises $1.55bn to support Formula 1 takeover
Liberty Media has announced that it has come to an agreement with various third-party investors to raise $1.55 billion (£1.22bn) in funding to support its purchase of Formula 1. The American media conglomerate has already paid just under $1bn for an 18.7 per cent stake in F1's parent company Delta Topco this September and is looking to acquire the remaining 81.3 per cent to give it a majority shareholding in the sport. It's expected a deal to acquire the remainder of Delta Topco will be completed in the first quarter of 2017 – pending a shareholder vote in January – and this latest round of investment from a number of third-party investors has boosted Liberty...
Full Story »
Full Story »
9y ago from GrandPrixTimes.com
0
You May Also Be Interested In...
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 raise $1.55 billion to fund Formula 1...
Liberty Media Corp (LMCA.O), led by U.S. cable mogul John Malone, said on...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Ducati: Marc Marquez “helped, protected” Francesco...
No description available...
2h ago from Motorsport.com
Why Aprilia boss is "disappointed" about not...
No description available...
20h ago from Motorsport.com
Why Francesco Bagnaia seems closer to leaving Ducati...
No description available...
2d ago from Motorsport.com
Jorge Martin likely to miss Sepang MotoGP test after...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar penalizes Abel Motorsports for rig testing
No description available...
17h ago from Motorsport.com
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
22h ago from MotorsportWeek.c...
McLaren wins contract breach suit against Alex Palou
McLaren has prevailed in its lawsuit against star IndyCar driver Alex...
1d ago from MotorsportWeek.c...
Palou ordered to pay $12 million to McLaren in...
No description available...
23h ago from Motorsport.com
Popular On TotalWRC.com
WRC Monte Carlo: Oliver Solberg in control, as Elfyn...
No description available...
1h ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg moves clear of the...
No description available...
15h ago from Motorsport.com
Solberg sensational in the snow (and slush, and rain)
Oliver Solberg and Elliot Edmondson, making their debut as full-time...
18h ago from MotorsportWeek.c...
FIA offers update on new WRC commercial rights holder...
No description available...
19h ago from Motorsport.com
Popular On GunnersToday.com
Fernandes or Odegaard? Who makes Arsenal vs Man Utd...
Robbie Lyle, Adam McKola and Buvey sit down to debate one of the biggest...
48m ago from SkySports.com
Talk of Arsenal being champions-elect ‘takes focus...
t;li>Manager insists praise from outside ‘does not add...
2h ago from TheGuardian.com
Arsenal star linked with surprise mid-season transfer...
Arsenal midfielder Christian Norgaard could reportedly be on the move...
4h ago from SportsKeeda.com
Arteta on Havertz & Gyokeres + Arsenal's absence...
Morning all, a quick Saturday round-up for you. After yesterday's focus on...
4h ago from Arseblog.com
Comments
Hottest News
Lewis Hamilton left stunned after first Ferrari 2026 F1 laps
Ferrari unveiled to the world its new car for the... Read More »
1h ago from RacingNews365.com
Status quo: FIA stands firm in F1 engine loophole debate
A high-stakes summit between the FIA and Formula... Read More »
58m ago from F1i.com
Ferrari changes course with radical new concept
Ferrari has unveiled its SF-26 and completed its... Read More »
3h ago from RacingNews365.com
