Liberty Media Investigated By Justice Department For Andretti F1 Snub [Forbes]
Liberty Media Corporation - Series A Liberty SiriusXM (LSXMA)
Last liberty media corporation - series a liberty siriusxm earnings: 11/8 08:15 am
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Source: Forbes
Liberty Media revealed in an earnings call on Thursday, August 8 that the United States Department of justice is investigating the US-based company over anti-trust violations after denying Andretti Global a team in Formula One. Liberty Media owns Formula One and said it is not against expanding the number of teams in F1 and will cooperate fully with the DOJ, according to the Associated Press and highly respected British racing publication Autosport. According to reports, CEO Greg Maffei revealed in a quarterly earnings call that Liberty Media is officially being investigated by the Justice Department's Antitrust Division over the “legality of F1 refusing entry to Michael Andretti's team.” Andretti and Group 1001 owner Dan Towriss own Andretti Global, which competes in a variety of racing series including the NTT IndyCar Series. Andretti's proposed Formula One team would include American automotive giant General Motors and the Cadillac brand for an 11 th team on the F1 grid th
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- Sirius XM Holdings Inc. (SIRI) Goldman Sachs Communacopia + Technology Conference (Transcript) [Seeking Alpha]Seeking Alpha
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- Formula 1 Wraps Up $2.55 Billion M&A, Refinancing Loan Package [BNN Bloomberg (Canada)]BNN Bloomberg
- Formula 1 Wraps Up $2.55 Billion M&A, Refinancing Loan Package [Financial Post (Toronto, Ontario, Canada)]Financial Post
LSXMA
Earnings
- 8/8/24 - Miss
LSXMA
Sec Filings
- 9/11/24 - Form SC
- 9/11/24 - Form 4
- 9/11/24 - Form 4
- LSXMA's page on the SEC website