Liberty Media to raise $1,55 billion from investors

The American group has taken a new step towards the acquisition of F1, by announcing the raising of more than a billion and a half dollars from investors.

Published on 14/12/2016 à 16:46

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Liberty Media to raise $1,55 billion from investors

Liberty Media continues its process of acquiring the F1, announced last September. This Wednesday, the American group confirmed the raising of $1,55 billion from investors, via the subscription of LMCK shares at $25 per unit.

“This is an important milestone in Liberty Media’s acquisition of Formula 1 and confirms that the future of the sport is bright. » confirms Chase Carey, president of Formula 1.

The third-party investors are Coatue Management, LLC, the DE Shaw group, JANA Partners LLC, Ruane, Cunniff & Goldfarb Inc., Soroban Capital Partners LP, SPO Advisory Corp., and Viking Global Investors LP, and according to Greg Maffei, President and CEO general of Liberty Media, the final transaction for the acquisition of F1 is hoped for at the beginning of 2017.