Benchmark keeps Buy on Formula One amid public spat over Saudi bid price [Seeking Alpha]
Liberty Media Corporation - Series A Liberty SiriusXM (LSXMA)
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Source: Seeking Alpha
Benchmark keeps Buy on Formula One amid public spat over Saudi bid priceJan. 24, 2023 11:54 AM ETFormula One Group (FWONA)FWONKFWONBBy:Jason AycockSA News EditorSjoerd van der Wal/iStock Unreleased via Getty ImagesBenchmark has reiterated a Buy rating on Formula One Group (NASDAQ:coming from Saudi Arabia.Reports emerged Friday that the Saudi sovereign wealth fund evaluated buying Formula 1 from Liberty Media at aprice exceeding $20B, including debtBen Sulayemtweeted Monday"Any potential buyer is advised to apply common sense, consider the greater good of the sport and come with a clear, sustainable plan â?? not just a lot of money," he continued.That's led Formula One toaccuse Ben Sulayem of interfering"The FIA has given unequivocal undertakings that it will not do anything to prejudice the ownership, management and/or exploitation of those rights," Formula One has reportedly written to FIA. "We consider that those comments, made from the FIA president's official social media account,
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- The Liberty SiriusXM Group (NASDAQ: LSXMA) was downgraded by analysts at Citigroup Inc. from a "buy" rating to a "neutral" rating. They now have a $28.00 price target on the stock, down previously from $35.00.MarketBeat
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LSXMA
Sec Filings
- 4/25/24 - Form DEF
- 4/25/24 - Form ARS
- 4/17/24 - Form SC
- LSXMA's page on the SEC website