News Details
Qatari-US bid seeking F1 stake buyout
A joint bid from a Qatari-US effort is reportedly seeking a significant portion of shares from CVC Capital Partners' stake in Formula 1. RSE Ventures and Qatar Sports Investments have approached to acquire a 35.5 per cent stake in CVC in a deal believed to be worth between seven and eight billion US dollars, according to the Financial Times No formal bid has been launched and due diligence is taking place, while Bernie Ecclestone is quoted as saying he is unaware of any deal being made. Either way, the deal would include his stake in the company. Both RSE and Qatar Sports Investments have a high profile presence in sport, with the former owning NFL's Miami Dolphins, while the latter counts...
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