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Liberty Media is buying Formula 1 for £3.3 billion

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U.S. media conglomerate, Liberty Media, has announced that it is purchasing the entire sport of Formula 1 for a total of $4.4 billion (£3.3 billion). It will become part of the company's expansive portfolio, which includes a controlling stake in Sirius XM satellite radio, Ticketmaster, Bodybuilding.com and a number of …

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