Liberty Clears Antitrust Hurdles for Formula 1 Buy
By Mike Farrell published
Liberty Media said it has received the required approvals from the appropriate anti-trust authorities in connection with its planned purchase of motor racing icon Formula 1.
Liberty first announced the deal, valued at about $4.4 billion, in September.
The deal, expected to be completed in the first quarter of 2017, still has a few hurdles to clear, including receiving approval from Liberty shareholders regarding the issuance of new shares to finance the transaction, at a special meeting scheduled for Jan. 17. The deal also needs to receive a nod from the Fédération Internationale de l'Automobile, the governing body of Formula 1.
The smarter way to stay on top of the multichannel video marketplace. Sign up below.
Thank you for signing up to Multichannel News. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.