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
This is what the 2027 Honda MotoGP bike will be called
No description available...
2h ago from Motorsport.com
F1 World Champion Lando Norris offered MotoGP...
F1 World Champion Lando Norris has been offered an opportunity to ride a...
2h ago from MotorsportWeek.c...
Francesco Bagnaia "struggled to accept" new...
No description available...
1d ago from Motorsport.com
Jorge Lorenzo: “Maverick Vinales has more talent and...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Momentum building for IndyCar’s inaugural Arlington...
No description available...
1h ago from Motorsport.com
Simpson hoping Sunoco partnership grows into...
No description available...
1d ago from Motorsport.com
Sunoco makes full-time IndyCar return as primary...
No description available...
5d ago from Motorsport.com
Chip Ganassi Racing lands new sponsor for Kyffin...
Chip Ganassi Racing has announced a new sponsor for the team’s #8 entry...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
FIA announces new constructor set to join WRC 2027
No description available...
7h ago from Motorsport.com
Jon Armstrong joins Josh McErlean in all-Irish M-Sport...
Christmas came early for Jon Armstrong and co-driver Shane Byrne when the...
10h ago from MotorsportWeek.c...
Jon Armstrong joins Josh McErlean in new M-Sport Ford...
No description available...
1d ago from Motorsport.com
Sebastien Loeb admits you “need some luck to win”...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Spurs vs Arsenal, Liverpool vs Man City live on Sky as...
Sky Sports has confirmed it will show 12 more Premier League fixtures live...
1h ago from SkySports.com
Arsenal reach 100 injuries since start of last season
Arsenal have now reached 100 different injuries since the start of...
5h ago from SkySports.com
Twists and turns and midweek musings
Morning all. The players were back to training yesterday after a couple of...
9h ago from Arseblog.com
Sources: Chelsea & Arsenal establish contact with...
Kenan Yildiz has rapidly emerged as one of the most talked-about young...
10h ago from CaughtOffside.com
Comments
Hottest News
F1: F1 2026... everything you need to know
Full details of what to expect when the cars line... Read More »
1h ago from Pitpass.com
Boost & Overtake modes, 2026 Formula 1 Terminology explained
Formula 1 has confirmed the official wording and... Read More »
2h ago from GrandPrix247.com
The 'what ifs' that could've won Verstappen, Piastri the F1...
Buying into counterfactuals is unwise but... Read More »
2h ago from espnF1.com
