Deal Description: Liberty Media Corporation (“Liberty Media”) has entered into a definitive agreement for a minority equity investment in Ohio-based motorsports team Meyer Shank Racing, which competes in the NTT INDYCAR Series and the IMSA WeatherTech SportsCar Series. Liberty Media, which also owns Formula 1, is attributing its equity interest to the Formula One Group.
The investment will fund the expansion of Meyer Shank Racing’s motorsports operations, including the recently announced multi-year Acura DPi program starting with the Rolex 24 at Daytona in January, as well as future expansion of the team’s INDYCAR program.
Baker Botts is representing Liberty Media in the transaction.
Baker Botts Lawyers/Office Involved:
Tax: Matt Donnelly (Special Counsel, Washington, D.C.)
For more information, please see the full news release here.
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