Malone’s Purported Interest Drives Formula One Valuation To $8B

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Malone’s Purported Interest Drives Formula One Valuation To $8B

Irish-American billionaire John Malone’s Liberty Global plc (NASDAQ:LBTYA) (NASDAQ:LBTYK) and Discovery Communications Inc. (NASDAQ:DISCA) (NASDAQ:DISCK) are working to bridge a $1 billion gap with Formula One’s biggest shareholders CVC Capital Partners and Lehman Brothers as they seek to buy a 49% stake in the auto-racing series.

London-based private equity firm CVC’s desire for an initial public offering of Formula One is unlikely before the resolution of a trial involving Chief Executive Officer Bernie Ecclestone.

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Screenshot 2022 08 10 18.57.51 1Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9