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...

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