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...
8y ago from GPUpdate.net
Liberty Media shareholders set for January vote on F1...
Liberty Media shareholders will vote on whether or not the media...
8y ago from GrandPrixTimes.com
Liberty agrees $1.55bn deal with investors for F1...
Liberty Media has announced an agreement with third-party investors to...
8y 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...
8y ago from ThisIsF1.com
Elsewhere On The Network
Popular On MGPToday.com
Why KTM would be wise to prepare for a future without...
No description available...
21h ago from Motorsport.com
Jorge Lorenzo shares his ‘theory' on the cause...
Five-time MotoGP champion Jorge Lorenzo believes that multiple factors...
4d ago from MotorsportWeek.c...
Miguel Oliveira: I did my best to stay in MotoGP but...
No description available...
3d ago from Motorsport.com
How Aprilia believes it “overreached our target”...
No description available...
4d ago from Motorsport.com
Popular On IndyCarToday.com
Aggressive testing schedule planned ahead of Mick...
Following confirmation Mick Schumacher will make a switch to IndyCar next...
6d ago from MotorsportWeek.c...
Mick Schumacher joins RLL in IndyCar switch
Rahal Letterman Lanigan Racing has announced that Mick Schumacher will...
1w ago from MotorsportWeek.c...
Mick Schumacher hails IndyCar racing as "the way...
No description available...
6d ago from Motorsport.com
Mick Schumacher makes IndyCar switch with RLL in 2026
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Why WRC drivers thought Rally Saudi Arabia was too...
No description available...
17h ago from Motorsport.com
Ott Tanak looking forward to break from full-time...
No description available...
1d ago from Motorsport.com
Sebastien Ogier on matching Sebastien Loeb’s record...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal agree double deal in principle by beating top...
Edwin Quintero and his twin brother Holger Quintero, two of South...
1h ago from CaughtOffside.com
Watch: Chelsea fans will love what Cole Palmer was...
Chelsea delivered a resilient defensive performance at Stamford Bridge on...
10h ago from CaughtOffside.com
Supercomputer predicts final 2025-26 Premier League...
A supercomputer has predicted how the Premier League table will look at...
11h ago from SportsKeeda.com
'It's too nice and slow' - Jens Lehmann explains why...
Former goalkeeper Jens Lehmann has urged teams, especially Arsenal and...
10h ago from SportsKeeda.com
Comments
Hottest News
Wolff Meets Verstappen’s Engineer to Clear the Air Over...
Mercedes team principal Toto Wolff held a... Read More »
1h ago from Formula1News.co.uk
Lewis Hamilton handed F1 retirement verdict after...
Lewis Hamilton has one final opportunity to... Read More »
1h ago from RacingNews365.com
Norris ‘still happy’ with title race position despite...
Lando Norris insists he is "still... Read More »
1h ago from SkySports.com
