Billionaire John Malone is known as the Cable Cowboy, after building a TV distribution and broadband empire spanning the US and Europe. His purchase of Formula One gives him some premium sports content to load up in his six-shooter.
As so often with Malone, the financial engineering is complex but the strategy is sound. Liberty Media, one of a galaxy of companies controlled by Malone, will buy F1 – adding it to stakes in a...
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