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$4.4bn
- US firm Liberty Media has confirmed it is buying the racing business Formula 1 for $4.4bn (£3.3bn).
www.bbc.co.uk/news/business-37303230
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Apr 16, 2023 · Who are Liberty Media? The owner of the Formula One Group is an American mass media company called Liberty Media Corporation owned by billionaire John Carl Malone.
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.
Jan 29, 2023 · The global business magazine unveiled its list of the 25 most valuable companies in the world of sport, and Liberty’s ownership of Formula 1 among its other sporting interests puts its assets...
Sep 12, 2016 · The purchase of Formula 1 by U.S.-based Liberty Media has caused quite a stir this week, not least because the new owner has strong links in the sports and ente.
Sep 7, 2016 · The transaction price represents an enterprise value for Formula One of $8.0 billion and an equity value of $4.4 billion (1). The acquisition will be effected by Liberty Media acquiring 100% of the shares of Delta Topco, the parent company of Formula One (Delta Topco herein referred to as “Formula One”) (2).
Liberty Media Corporation and Delta Topco, the parent company of Formula 1 announced today that Liberty Media has completed its previously announced acquisition of F1, the iconic global motorsports business, from a consortium of sellers.
