Liberty Media Drives Deal To Pay $4.4B For Formula One

Written By Emma Brown

Liberty Media’s John Malone just crossed the finish line in his effort to craft a deal to buy the Formula One car racing circuit — potentially positioning it to challenge NASCAR’s domination of the U.S. racing market.

Malone’s company agreed to pay $4.4 billion, giving Formula One an enterprise value of $8 billion when you include its debt.

Emma Brown
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