Liberty Media to Buy Formula One

John Malone‘s Liberty Media just zoomed into a new lane of business, announcing on Wednesday that it intends to acquire Formula One in a deal that values the motorsports business at $8 billion, according to a press release from the two companies.

Liberty Media will acquire 100 percent of the shares of Delta Topco, Formula One’s parent company, in a cash and stock deal from a consortium of sellers led by European private equity firm CVC Capital Partners. Liberty Media will also assume...

What feeling does this article give you?
Joy
Disgust
Fear
Anger
Sadness

#hashtags to follow:

John Malone [+]    Liberty Media [+]    Delta Topco [+]    CVC Capital Partners [+]   

More #news: