Offshore law firm Carey Olsen has acted alongside international law firm Baker Botts LLP for Liberty Media Corporation (Liberty Media) to successfully close its acquisition of Formula One, the iconic global motorsports business, from a consortium of sellers led by CVC Capital Partners. 

In December 2016, Liberty Media received the required approvals from antitrust authorities for the deal to go ahead in connection with the US$8 billion acquisition.

Liberty Media shareholders agreed to proposals related to the takeover and a change of name to the Formula One Group on 17 January 2017.

Formula One’s governin...