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Competition watchdog to examine Liberty/F1 deal

The UK’s Competition and Markets Authority (CMA) is investigating the anticipated acquisition by Liberty Media of Formula One Group.

The CMA is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if, so, whether the creation of that situation has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

The invitation to comment closes 21 November 2016, with the deadline for an initial decision set for 5 January 2017.

Liberty Media announced its intention September 8 to acquire Formula One in a $8 billion (€7.1bn) deal.

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