US media tycoon’s firm to buy Formula One for $4.4bn

US media tycoon’s firm to buy Formula One for $4.4bn

US communications billionaire John Malone’s Liberty Media announced Wednesday it had sealed a deal to buy the iconic racing business Formula One for $4.4 billion. Liberty said it would keep Bernie Ecclestone, who has long controlled the racing group, as Formula One chief executive, but also named Chase Carey, the vice chairman of 21st Century […]