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Liberty Media close to F1 takeover deal, claims report
Formula 1's owners could be listed on New York's Nasdaq stock exchange if an $8.5 billion bid being put together to take control of the sport comes off, claims a report by Sky News. Liberty Media Corporation, a company backed by American media tycoon John Malone, is reported to be in detailed talks with F1's controlling shareholders CVC Capital Partners. It is suggested that the idea is for a two-phase takeover – with a first takeover of a minority stake potentially getting completed in a matter of weeks, prior to a later majority takeover. The company would then be absorbed in to the parent Liberty Media Group – which is listed. However, the deal is not the only one on the table with a...
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9y ago from Motorsport.com
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