Liberty Media zooms into pole position with F1 deal

11th September, 2016
Liberty Media is set to buy the company that owns Forumla One

Liberty Media, which is owned by US cable television entrepreneur John Malone, has struck a deal to buy the company that controls Formula One.

“The transaction price represents an enterprise value for Formula One of $8 billion and an equity value of $4.4 billion.”

Liberty Media statement

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