Rumor: Ecclestone Says Liberty Media to Buy Formula One for $8.5B

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American communications company Liberty Media is set to acquire the world’s largest racing series Formula One, Formula One Management  (FOM) President and CEO Bernie Ecclestone has told German magazine auto motor und sport motorsport editor Michael Schmidt. The deal is reportedly worth $8.5 billion for Ecclestone and his holding company CVC Capitol Partners. Liberty Media owns […]

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