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- Concurrent with the execution of the agreement to effect the acquisition, Liberty Media has completed the acquisition of an 18.7% minority stake in Formula One for $746 million, funded entirely in cash (which is equal to $821 million in consideration less a $75 million discount to be repaid by Liberty Media to selling stockholders upon completion of the acquisition).
www.libertymedia.com/investors/news-events/press-releases/detail/139/liberty-media-corporation-agrees-to-acquire-formula-one
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Jan 23, 2017 · The consideration for Liberty Media’s acquisition of 100% of the shares of F1 (1) was comprised of cash and newly issued Series C shares of the Liberty Media Group tracking stock (“LMCK”) and a debt instrument exchangeable into shares of LMCK.
Aug 15, 2017 · Liberty Media Corporation bought Formula One auto racing for $4.6 billion in January and new analysis shows that it only put in $301 million of its own cash to do it.
The consideration for Liberty Media’s acquisition of 100% of the shares of F1 (1) was comprised of cash and newly issued Series C shares of the Liberty Media Group tracking stock (“LMCK”) and a debt instrument exchangeable into shares of LMCK.
Sep 7, 2016 · After completion of the acquisition, Liberty Media will own Formula One and it will be attributed to the Liberty Media Group which will be renamed the Formula One Group.
Jun 19, 2022 · Liberty Media Corporation completes F1 acquisition. In January 2017, Liberty Media Corporation finalized the deal of buying Formula One. They purchased F1 from the parent company Delta Topco for US$4.6 billion lifting the overall transaction value to $8 billion.
Sep 8, 2016 · US firm Liberty Media has bought Formula 1 in a £6bn deal, bosses have confirmed. Sky News revealed last month that Liberty was on the verge of sealing the takeover of the sport. CVC Capital...
Sep 22, 2021 · Near the end of 2016, Liberty Media agreed to buy a majority stake in Formula One Group. It wasn’t until 2017 that the purchase was approved by regulators, and on 23rd January that year,...
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