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Liberty Media claims regulatory approval for F1 takeover
Liberty Media has said it has received the necessary clearance from anti-trust authorities that will enable it to proceed with its takeover of the Formula 1 world championship. Liberty Media said in a statement that all required approvals have been gained from all appropriate anti-trust authorities in connection with the pending acquisition. This is the first in a three-step process with the takeover still conditional upon approval by Liberty Media’s stockholders of the issuance of Series C common stock shares in connection with the acquisition at a special meeting scheduled for January 17. The takeover also needs approval from the International Automobile Federation (FIA), the...
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9y ago from GrandPrix247.com
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