Liberty Media CEO Departure Fuels $20B F1 Sale Speculation
TL;DR Summary
Liberty Media CEO Greg Maffei, who is stepping down at the end of the year, stated there are no plans to sell Formula 1, which he believes is well-positioned for the future. Under Liberty's ownership since 2017, F1 has seen significant growth, partly due to the Netflix series "Drive to Survive." Despite rumors of a $20 billion takeover bid by Saudi Arabia's Public Investment Fund, Maffei dismissed the idea, emphasizing the sport's strong prospects and Liberty's commitment to its stewardship.
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