British Government investigating Liberty Media takeover

The British government is investigating Liberty Media's propsed takeover of Formula One.

The Competition and Markets Authority (CMA), responsible for strengthening business competition and preventing anti-competitive activities, has announced an "inquiry" into the Liberty deal, with a verdict expected in early 2017.


Meanwhile, two names liked with roles in the new Liberty Media-owned F1 have played down such speculation.

Gerhard Berger welcomed Liberty's involvement but told Austrian Servus TV: "No, I'm not in the group, I don't have the time."

Red Bull owner Dietrich Mateschitz also dismissed similar talk, telling Spain's Marca sports newspaper: "That would be a big challenge, but I have a job that takes up all of my time as well as many other obligations and interests."

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