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Liberty, Discovery eye control of F1 business - report

Tuesday 4 February 2014 | 15:21 CET | News
Media group Liberty Global and cable TV company Discovery Communications are understood to have made a joint approach to F1 backers CVC Capital about acquiring a 49 percent stake in the business, reports The Telegraph newspaper. The deal could value F1 at more than GBP 6.5 billion. CVC currently controls 35 percent of F1, including all voting rights. The talks are understood to be at an early stage and may not lead to a firm offer.

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Categories: Broadcast & Satellite
Companies: Discovery Communications / Liberty Global
Countries: World
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