NASDAQ:FWONK - Nasdaq - US5312297550
Liberty Media Corp. Chief Executive Officer Greg Maffei will step down at the end of this year after nearly two decades of dealmaking at Chairman John Malone’s media, sports and telecom empire.
Formula 1 priced a $2.55 billion loan package Tuesday to help finance owner Liberty Media Corp.’s acquisition of motorcycle racing association MotoGP World Championship after investor interest led to a refinancing transaction being added to the offering.
Racing circuit Formula 1 has decided to refinance a $1.7 billion loan alongside efforts to raise $850 million for its parent’s pending acquisition of MotoGP World Championship.
FWONK stock results show that Liberty Formula One Group missed analyst estimates for earnings per share and missed on revenue for the second quarter of 2024.