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Liberty and Discovery seek to buy big stake in Formula 1
Liberty and Discovery seek to buy big stake in Formula 1 4 February, 2014 Liberty Global and Discovery Communications have made a joint approach to CVC Capital about buying a 49 percent stake in Formula One according to reports citing unnamed sources.
The talks are at an early stage but could value the auto-racing company at more than 6.5 billion pounds ($10.62 billion), the paper said on its website.
It added that U.S. cable group Liberty Global and Discovery Communications, the media company behind cable channels TLC and Animal Planet, had requested access to private information about CVC's finances.
Private equity firm CVC currently owns 35 percent of Formula One, including all the...
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