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Liberty Media Corporation to purchase Formula One

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Liberty Media Corporation and CVC Capital Partners have announced that Liberty Media has agreed to acquire Formula One, the iconic global motorsports business, from a consortium of sellers led by CVC. Liberty Media owns interests in a broad range of media, communications and entertainment businesses.

The consideration comprises cash and newly issued shares in the Liberty Media Group tracking stock (LMCK) and a debt instrument exchangeable into shares of LMCK. The transaction price represents an enterprise value for Formula One of $8.0 billion and an equity value of $4.4 billion.

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Nationwide Autocentre Purchase Brings Halfords Full Circle

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The latest developments in Halford’s complex car servicing history (see Halfords Buys Nationwide Autocentres for £73.2 million – 18/02/10), bring with them a distinct sense of déjà-vous and highlight the cyclic nature of ownership in this industry. From Halfords point of view the latest venture represents a new beginning for a business that is radically different to when it last tried car servicing.

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Related news:

  1. Halfords Buys Nationwide Autocentres for £73.2 million
  2. Halfords Aims to Add 200 Nationwide Branches, Double EBIT
  3. Halfords Sales Reach £831.6 million Supported by Nationwide Acquisition
  4. Halfords Group reports £98 million sales from Autocentres
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