Malone’s Purported Interest Drives Formula One Valuation To $8B

Mani

Published onJune 16, 2014

Updated on May 13, 2021

Irish-American billionaire John Malone’s Liberty Global plc (NASDAQ:LBTYA) (NASDAQ:LBTYK) and Discovery Communications Inc. (NASDAQ:DISCA) (NASDAQ:DISCK) are working to bridge a $1 billion gap with Formula One’s biggest shareholders CVC Capital Partners and Lehman Brothers as they seek to buy a 49% stake in the auto-racing series.

London-based private equity firm CVC’s desire for an initial public offering of Formula One is unlikely before the resolution of a trial involving Chief Executive Officer Bernie Ecclestone.

Lehman’s astute investment

CVC currently owns about 35.5% of Formula One and bankrupt Lehman owns 15.3%.

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Malone’s Purported Interest Drives Formula One Valuation To $8B

Lehman’s astute investment

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