NewsCorp And Ferrari Shareholder Looking To Buy Formula One

This just in, and no they don’t mean the Budget Hotel.

Formula One could face a joint takeover bid from Rupert Murdoch’s News Corporation and an investment company linked to Ferrari.

Media giant News Corporation and Italian investment firm Exor said on Tuesday that they were working together to search for other investors to potentially fund a bid for the motor racing series, which has been owned by private equity firm CVC Capital Partners since 2006.

Wonder what that would mean for the TV rights and medai angles around this.

Exciting Times. My Mate Patrick is probably salivating right now.

via Mail & Guardian Online.

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Joe Social

I'm writing this cos I have a lot to say and sometimes I can't sleep unless I write it. Then its gone from my head. I am a blogger, and a property dude. I "entrepreneur" the shit out of things. I run on tequila and good food.

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