Liberty Media refuses $20 billion F1 buyout from Saudi Arabia

Jan.23 - Liberty Media, Formula 1's current commercial rights holder, turned down an offer to sell the sport for an impressive profit. Citing sources, Bloomberg reports that Saudi Arabia's Public Investment Fund looked at a potential $20 billion takeover, but Liberty Media "was not interested in selling". Saudi officials and US-based Liberty Media did not..... check out full post »

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