Nifty manoeuvres

摘要

ON JANUARY 17th shareholders of Liberty Media Corporation, an American firm controlled by John Malone, a billionaire, are expected to approve a transaction that many hail as the sports deal of the decade. In September 2016 Liberty agreed to buy the Formula One (F1) motor-racing franchise from cvc, a priv-ate-equity group, for $8bn. F1, which generates annual revenue of $1.8bn, is now central to Liberty's global plans: in a sign of the importance he attaches to the deal, Mr Ma-lone has installed Chase Carey, a former president of Rupert Murdoch's 21st Century Fox, as F1 chairman. The main Liberty subsidiary is to be renamed Formula One Group.