Liberty Media Corporation Announces It Has Entered Into A Definitive Agreement To Acquire Greater Than 90% Of QuintEvents, LLC In A Transaction Valuing The Company At $313M; To Be Attributed To Formula One Group
Portfolio Pulse from Happy Mohamed
Liberty Media Corporation has announced a definitive agreement to acquire over 90% of QuintEvents, LLC, valuing the company at $313 million. The acquisition will be attributed to Liberty Media's Formula One Group tracking stock and will be funded with cash on hand. QuintEvents is a global provider of official ticket, hospitality, and travel experiences to many of the world's most prominent sports and entertainment events. The transaction is expected to close by year-end.
September 06, 2023 | 6:56 pm
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POSITIVE IMPACT
The acquisition of QuintEvents is expected to be attributed to Liberty Media's Formula One Group tracking stock, which could potentially impact its value.
The acquisition of QuintEvents is expected to be attributed to Liberty Media's Formula One Group tracking stock. This could potentially impact the value of the tracking stock, depending on the success of the acquisition and the performance of QuintEvents.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The acquisition of QuintEvents is expected to be attributed to Liberty Media's Formula One Group tracking stock, which could potentially impact its value.
The acquisition of QuintEvents is expected to be attributed to Liberty Media's Formula One Group tracking stock. This could potentially impact the value of the tracking stock, depending on the success of the acquisition and the performance of QuintEvents.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Liberty Media's acquisition of QuintEvents could potentially boost its position in sports and live entertainment, providing further growth opportunities.
The acquisition of QuintEvents, a global provider of official ticket, hospitality, and travel experiences, could potentially enhance Liberty Media's offerings and strengthen its position in the sports and live entertainment sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100