News Details
Liberty raising $1.55bn with third-party investors for F1 purchase
Liberty Media has revealed that it has reached an agreement with a number of third-party investors as it seeks to complete its buy-out of Formula One. 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 all agreed to help fund the acquisition through a subscription of Liberty's common stock, which is valued at around $25 per share. 'We are excited that this impressive list of investors will participate in the acquisition of Formula 1,' said Greg Maffei, President and Chief Executive Officer of Liberty Media. 'This group shares our enthusiasm for the sport and...
Full Story »
Full Story »
9y ago from Pitpass.com
0
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 raises $1.55bn to support Formula 1...
Liberty Media has announced that it has come to an agreement with various...
9y ago from GrandPrixTimes.com
Liberty Media raises £1.2bn to support F1 takeover
XPB Images
Liberty Media has announced that it has reached...
9y ago from F1i.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
Elsewhere On The Network
Popular On MGPToday.com
Ducati will continue racing its unbeatable 2024 engine...
No description available...
11h ago from Motorsport.com
Can Johann Zarco match factory Honda duo Joan Mir and...
No description available...
12h ago from Motorsport.com
Joan Mir: ‘Everyone cannot sleep’ because of 2027...
Joan Mir suggested that rumours about the 2027 MotoGP rider market are...
1d ago from MotorsportWeek.c...
Fermin Aldeguer to miss MotoGP season opener in...
Gresini Ducati has confirmed Fermin Aldeguer will miss the opening round...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Romain Grosjean returns to IndyCar with full time seat...
Dale Coyne Racing has made public its plans for the 2026 IndyCar season,...
1d ago from MotorsportWeek.c...
Honda confirms early discussions for 2028 factory...
Honda, one of two engine manufacturers that supply IndyCar, has confirmed...
2d ago from MotorsportWeek.c...
Romain Grosjean returns to IndyCar, signs with Dale...
No description available...
1d ago from Motorsport.com
Mick Schumacher reveals what has surprised him the...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Elfyn Evans in charge on Rally Sweden
Ice, sunshine and flat-out driving was the order of the day on Rally...
7h ago from MotorsportWeek.c...
WRC Sweden: Elfyn Evans heads Toyota 1-2-3-4 into...
No description available...
7h ago from Motorsport.com
WRC Sweden: Elfyn Evans reclaims lead as Oliver...
No description available...
13h ago from Motorsport.com
Popular On GunnersToday.com
Liverpool icon Didi Hamann claims he can see Arsenal...
Former Liverpool midfielder Dietmar Hamann believes Bayern Munich can stop...
13h ago from SportsKeeda.com
Sources: Liverpool 'frontrunners' for £95m-rated...
Liverpool are currently looking like the early frontrunners for a...
17h ago from CaughtOffside.com
“Ultimately, I didn’t like him” - Dirk Kuyt...
Former Liverpool forward Dirk Kuyt shared his thoughts on former Reds...
17h ago from SportsKeeda.com
'Already making plans' – Fabrizio Romano drops...
Transfer news expert Fabrizio Romano has provided a major update on the...
18h ago from CaughtOffside.com
Comments
Hottest News
F1MATHS: Mercedes beat Ferrari and McLaren during their...
Mercedes driver Andrea Kimi Antonelli not only... Read More »
52m ago from F1Technical.net
F1MATHS: What mileage reveals about the 2026 F1 field after...
The opening three‑day pre‑season test in... Read More »
2h ago from F1Technical.net
'One more year in hell' for Fernando Alonso as Aston Martin...
With all the talk around the possible retirements... Read More »
5h ago from GPFans.com
