Liberty Global To Acquire Warner Bros. Discovery's Shares In Formula E; Will Hold 65% Stake And Gain Controlling Interest In Leading Electric Car Racing Series
Portfolio Pulse from Benzinga Newsdesk
Liberty Global is set to acquire Warner Bros. Discovery's shares in Formula E, resulting in a 65% stake and controlling interest in the electric car racing series.
June 13, 2024 | 1:17 pm
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NEUTRAL IMPACT
Warner Bros. Discovery is selling its shares in Formula E to Liberty Global, relinquishing its stake in the electric car racing series.
Warner Bros. Discovery's sale of its shares in Formula E may have a neutral impact on its stock price as it reallocates resources.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Liberty Global will acquire Warner Bros. Discovery's shares in Formula E, resulting in a 65% stake and controlling interest in the electric car racing series.
The acquisition will give Liberty Global a controlling interest in a leading electric car racing series, potentially boosting its market position and future revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100