Liberty Media Raises $1.6B For Formula One Buy

Law360, New York (December 14, 2016, 7:02 PM EST) -- Liberty Media Corp. said Wednesday that it has agreed to sell $1.55 billion in newly issued stock to a consortium of investors to help fund its planned $4.4 billion acquisition of global auto racing business Formula One.

Liberty Media will issue 62 million shares of Series C Liberty Media common stock at a price of $25 per share, according to a statement announcing the investment agreement. Coatue Management LLC, the D. E. Shaw Group, JANA Partners LLC, Ruane Cunniff & Goldfarb Inc., Soroban Capital Partners LP, SPO Advisory Corp. and Viking Global Investors LP have agreed to purchase the shares, the...

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!

TRY LAW360 FREE FOR SEVEN DAYS