You will be redirected back to your article in seconds

John Malone, Discovery Eye 49% Stake in Formula One: Report

Deal with private equity firm CVC Capital could value racing franchise at $8.78 billion

LONDON — John Malone’s Liberty Global and Discovery Communications are reportedly mulling a joint bid for a 49% stake in the Formula One motor-racing franchise.

Liberty and Discovery have begun talks with Formula One’s backers, private equity firm CVC Capital, about a deal, which could value the motor sport at more than £6.5 billion ($8.78 billion), according to a report in today’s Daily Telegraph.

CVC owns 35% of Formula One, but would not say where the remaining 14% would come from. It could be selling its stake alongside the Lehman Brothers’ 12.3% holding.

More Biz

  • Directv Latin America - Vrio

    AT&T Cancels IPO for DirecTV Latin America Unit

    LONDON — John Malone’s Liberty Global and Discovery Communications are reportedly mulling a joint bid for a 49% stake in the Formula One motor-racing franchise. Liberty and Discovery have begun talks with Formula One’s backers, private equity firm CVC Capital, about a deal, which could value the motor sport at more than £6.5 billion ($8.78 […]

  • MedMen Marijuana Dispensary

    Can Capitalism Find High Times as California Embraces Pot?

    LONDON — John Malone’s Liberty Global and Discovery Communications are reportedly mulling a joint bid for a 49% stake in the Formula One motor-racing franchise. Liberty and Discovery have begun talks with Formula One’s backers, private equity firm CVC Capital, about a deal, which could value the motor sport at more than £6.5 billion ($8.78 […]

  • Bill Cosby

    Key Defense Witness Takes Stand at Bill Cosby Retrial

    LONDON — John Malone’s Liberty Global and Discovery Communications are reportedly mulling a joint bid for a 49% stake in the Formula One motor-racing franchise. Liberty and Discovery have begun talks with Formula One’s backers, private equity firm CVC Capital, about a deal, which could value the motor sport at more than £6.5 billion ($8.78 […]

  • Teamsters' Seniority System Not a Good

    Teamsters' Seniority System May Not Work Well for Other Crafts, Guilds

    LONDON — John Malone’s Liberty Global and Discovery Communications are reportedly mulling a joint bid for a 49% stake in the Formula One motor-racing franchise. Liberty and Discovery have begun talks with Formula One’s backers, private equity firm CVC Capital, about a deal, which could value the motor sport at more than £6.5 billion ($8.78 […]

  • Daniel Fellman Bill Mechanic

    Daniel Fellman to Replace Bill Mechanic on Academy Board of Governors

    LONDON — John Malone’s Liberty Global and Discovery Communications are reportedly mulling a joint bid for a 49% stake in the Formula One motor-racing franchise. Liberty and Discovery have begun talks with Formula One’s backers, private equity firm CVC Capital, about a deal, which could value the motor sport at more than £6.5 billion ($8.78 […]

  • CBS Viacom Merger Les Moonves Shari

    Is CBS Ready to Make a Deal in Viacom Merger Saga?

    LONDON — John Malone’s Liberty Global and Discovery Communications are reportedly mulling a joint bid for a 49% stake in the Formula One motor-racing franchise. Liberty and Discovery have begun talks with Formula One’s backers, private equity firm CVC Capital, about a deal, which could value the motor sport at more than £6.5 billion ($8.78 […]

More From Our Brands

Access exclusive content