Liberty Media Raising $1.55B From Investors To Support F1 Purchase

Liberty's Chase Carey

Liberty Media today announced an "agreement with third-party investors" to raise $1.55B to support its purchase of F1. Liberty in September "bought a controlling stake in the sport" in a deal worth $8B. At that time, Liberty acquired a 19.1% stake from main shareholder CVC Capital Partners. Liberty today said that a "deal with investors had been reached to fund the acquisition." MOTORSPORT.com

The money raised from the investment "will be used to increase the cash component paid to the consortium" of selling F1 shareholders. REUTERS