Formula One’s teams are considering whether to join forces to take a stake in the private-equity-owned Grand Prix business. The teams are looking at a bid after News Corporation, owner of The Times newspaper, and Exor, the holding company of the Italian Agnelli family, confirmed last month that they would like to buy F1 for an estimated $6bn. CVC Capital Partners has not put F1 on the block, but it did acquire the business for $1.7bn more than five years ago, which is about the time a private equity firm typically sells up. [Source]
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