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- Formula One Group will remain a tracking stock of Liberty Media
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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.
Jun 13, 2024 · As a media company, they are divided into three divisions, showing their ownership stakes in Sirius XM (an American broadcasting company specialising in radio), Live Nation Entertainment (a ticket sales manager), Formula One Group, and by the end of 2024, Dorna Sports.
Jan 30, 2024 · Much of F1's recent success can be attributed directly to it having been purchased for $301 million by Liberty Media in 2017, bringing the series into the modern world.
The consortium of sellers led by CVC will own approximately 65% (1) (3) of the Formula One Group’s equity and will have board representation at Formula One to support Liberty Media in continuing to develop the full potential of the sport.
• Formula One Group will remain a tracking stock of Liberty Media • Ticker symbol expected to become FWON (A/B/K) at second closing • Offer equates to enterprise value of ~$8.0b (1) and equity value of ~$4.4b (2)