Liberty Media Acquires Formula One In $4.4B Deal

By Suevon Lee (September 7, 2016, 9:00 PM EDT) -- Liberty Media Corp. on Wednesday said it was buying global auto racing business Formula One from a consortium of sellers led by CVC Capital Partners for $4.4 billion, adding to the mass media company's portfolio of investments in the communications, entertainment and media space.

The deal terms give Liberty Media an immediate 18.7 percent minority stake in Formula One, with CVC remaining as controlling shareholder, according to a Wednesday release. Once the deal is approved and expected to close by the first quarter of 2017, the media company will own Formula One and rename itself the Formula One Group.

The price...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!