F1 owner Liberty Media raises $500,000,000 for buying spree

A dedicated company, Liberty Media Acquisition Corporation, has been created for the purpose, and it will be listed on the NASDAQ stock exchange from Friday.
The new entity is a “SPAC” – a special purpose acquisition or shell company, formed to generate funds via a public offering with which to buy another company.
The cash will be raised through the sale of 50,000,000 shares at an initial …Keep reading