Liberty Media prepares a $500 million acquisition
Liberty Media has just listed a subsidiary on the Nasdaq dedicated to fundraising for a major acquisition. The owner of F1 has thus raised 500 million dollars.

It has already been more than three years since Liberty Media became the owner of F1. At the time, the American group acquired the sport with a valuation of $4.4 billion. Since its purchase, the group’s stock has risen from $20 to $40, despite the market collapse caused by the first wave of Covid-19 last March.
However, it should not be forgotten that F1 is only one of the three components of Liberty Media Group, which also includes the Atlanta Braves baseball team and Sirius XM digital radio.
A new branch could soon make its arrival as Liberty Media has just announced the upcoming listing of a subsidiary named Liberty Media Acquisition Corporation (LMAC). This subsidiary is referred to as a “blank check” company since it does not have a proper business plan but has the sole goal of raising funds in the markets to make an acquisition.
In the documents filed by Liberty Media, the group reveals that its target is in one of the following industries: print and digital media, entertainment, communication, or telecommunications. Although the word sport is not directly mentioned, it should not be forgotten that its investments in baseball and F1 are classified under the entertainment category.
Ordinarily, this type of business has a lifespan of 24 months, which is the horizon to allow for a significant acquisition. We will certainly keep an eye on the next steps as this could have a direct impact on F1 since LMAC was positioned under the responsibility of Formula One Group. The first day of trading was a success as the stock closed at 13.20, an increase of 30.2% in a single day, indicating that the markets are following owner John Malone and CEO Greg Maffei in their aggressive strategy.
With the participation of RacingBusiness