News Details

'Liberty Media wants to raise 500 million for new business'

Liberty Media hopes to add new activities to its portfolio, but for this it must first raise a share issue of around 500 million. New company founded Motorsport.com reported this on Saturday. A separate company has been created to raise money called Libert Media Acquisition Corporation, or LMAC. The new company will be led by Greg Maffei, the CEO of Liberty Media. Although it seems that this does not have much to do with Formula 1, things are different. LMAC will be legally linked to the Formula One Group and therefore the money raised might have a connection with Formula One activities. Read more Christian Horner: The story behind the longest-serving team boss in Formula 1 Lammers: 'His...
Full Story »
4y ago from GPBlog.com 0
Share

You May Also Be Interested In...

Tost: Teams would not have been open to cost cap...

AlphaTauri team principal Franz Tost believes that the COVID-19 pandemic...
4y ago from GrandPrix247.com

Magnussen wins multi-million pound legal battle with...

Former Haas driver Kevin Magnussen can finally "concentrate on...
4y ago from GPFans.com

Report: Cancelled 2020 Australian GP cost government...

According to RaceFans, the cancellation of last year's Australian Grand...
4y ago from GrandPrix247.com

De Silvestro confirms Indy 500 return with Paretta

Swiss racing driver Simona De Silvestro will return to IndyCar this year...
4y ago from F1i.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Long Beach to bring in new leadership for iconic event

Organizers of the annual Grand Prix of Long Beach event have announced...

Pato O’Ward joined by F2 champion in McLaren F1...

McLaren has announced its driver development program lineup for 2026,...

Popular On TotalWRC.com

Popular On GunnersToday.com

'In active talks' – Fabrizio Romano provides...

Fabrizio Romano says Chelsea are in active talks over signing a new...
1h ago from CaughtOffside.com

League position not a factor as we face another tricky...

Morning all. After our midweek exploits, it's another away trip today,...
1h ago from Arseblog.com

Report: Arsenal rival Bayern Munich for transfer of...

Arsenal are reportedly up against Bayern Munich for the potential transfer...
2h ago from CaughtOffside.com

Mikel Arteta gives intriguing response to question...

Arsenal manager Mikel Arteta has spoken out on the reported addition...
11h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.