Liberty Media (LMCA) to Acquire Formula One for $4.4B Equity Value
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Liberty Media Corporation Agrees to Acquire Formula One
September 7, 2016 5:32 PM EDTTransaction price represents enterprise value for Formula One of $8.0b Chase Carey appointed as Chairman; Bernie Ecclestone to remain CEO Initial sale of 18.7% minority stake in Formula One, with 100% sale subject to satisfaction of conditions
ENGLEWOOD, Colo. & LONDON--(BUSINESS WIRE)-- Liberty Media Corporation (Liberty Media) (Nasdaq: LSXMA, LSXMB, LSXMK, BATRA, BATRK, LMCA, LMCK) and CVC Capital Partners (CVC) announced today that Liberty Media has agreed to acquire Formula One, the iconic global motorsports business, from a consortium of sellers led by CVC.... More
