Formula One’s parent company, Liberty Media, has announced a public offering of 10,650,000 shares of its Series C Liberty Formula One Common Stock to raise $825 million, primarily to finance its acquisition of MotoGP. The public offering, priced at $77.50 per share, will generate the necessary capital to complete the $4.2 billion all-cash deal for Dorna Sports, the company that owns and operates MotoGP. In addition to funding the acquisition, a portion of the proceeds will be allocated for corporate purposes, including debt repayment. Liberty Media has also granted the underwriter of the offering – Goldman Sachs & Co – an option to purchase an additional 1,597,500 shares. Liberty’s take-over
Hence then, the article about liberty sells 825m stake in formula one acquire motogp was published today ( ) and is available onF1 News ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Liberty sells $825m stake in Formula One acquire MotoGP )