US media firm to buy Formula One

Posted online September 8, 2016 | 11:46 am

U.S. firm Liberty Media is getting into the racing business.

The company agreed to purchase Formula One, the world's leading motor-racing championship, in a deal valuing the company at $8 billion, including $4.1 billion in debt.

Liberty Media will initially buy a minority stake, with a full takeover planned following regulatory approval.

Read more from BBC News.

Comments

No comments on this story |

Please log in to add your comment

Council of Churches unveils new name

Editors' Pick

From the Ground Up: Fulbright Heights Apartments

Taking shape on 3.5 acres just east of State Highway H/Glenstone Avenue in the area of Valley Water Mill Park are the Fulbright Heights Apartments – three 23,000-square-foot buildings with 24 units each for a total of 72 one- and two-bedroom apartments.

Most Read