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Formula 1 edges closer to a takeover
As Formula 1 edges closer to a takeover by Liberty Media, Bernie Ecclestone has revealed that he has been asked to stay on. The first instalment of a multi-billion-pound deal to buy CVC Partners' controlling share in Formula 1 is expected to take place on Wednesday. This will give Liberty Media a third of CVC's 35 percent stake in Delta Topco, Formula 1's parent company. The complete takeover will reportedly be concluded within six months, totalling around £6 billion. 'I have been offered a contract to stay around to help them,' Ecclestone told the Daily Mail. 'It's whether I want to do that. We'll see.' However, the F1 supremo has made it clear that if he doesn't like the new regime...
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9y ago from PlanetF1.com
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