Malone’s Purported Interest Drives Formula One Valuation To $8B – ValueWalk Premium
John Malone

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 . . .

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