Monday, July 6, 2015

Sky TV group interested in buying the world of … – Trade

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The group TV satellite Sky is one of the potential buyers Actions F1 property of the investment fund CVC , said Sunday the Sunday Times , citing sources City London .

Sky joins the interest shown by the American millionaire Stephen Ross and State of Qatar , as published on Wednesday Financial Times .

According to the Sunday Times , Sky would be willing to invest 4500 million pounds (USD 7000 million) to acquire 35.5% of the shares of CVC and perhaps 5%, which retains Bernie Ecclestone, the historical pattern of Formula One Management (FOM), the company that manages the commercial rights of this discipline.

The newspaper also reported the interest of another group specializing in press Cable television in the United States, Liberty Global , but without specifying whether it would be a joint bid with Sky or separately.

Its owner, the American billionaire John Malone was about to take control of Formula 1 last year, and the group Discovery .

Background CVC Capital Partners, which invested in the F1 2006 , has only 35.5% of financial holding company which organizes the championship, as it sold most of its shares in 2012 Waddell & amp; Read , an American (21%) fund to another fund called BlackRock and a Norwegian bank.

Ecclestone, 84, said a few months ago his desire
“continue in command for the moment, to ensure the transition.”

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