Friday June 5, 2020

Liberty Media to buy Formula One owner

Bernie Ecclestone to stay on as chief executive

8th September, 2016
Formula One company is sold. Pic: Getty

John Malone’s Liberty Media has agreed to buy the company that controls Formula One from private equity firm CVC Capital Partners for $4.4 billion in cash, stock and convertible debt, giving the US cable television entrepreneur ownership of the dominant international auto-racing circuit.

Liberty is acquiring an 18.7 per cent stake in Formula 1 parent Delta Topco right away and will take full ownership later, according...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 1 month ago

Oil storage in the self-styled ‘Pipeline Crossroads of the World’ is full to the brim, but the black stuff keeps on coming. With much of the world’s economy in a Covid-19 slowdown, at one point last week, benchmark US crude oil was priced at minus $37.63 a barrel

Barry J Whyte | 1 month ago

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 2 months ago