Reported 11 days ago
Liberty Media aims to enhance its focus on motorsports by spinning off most of its other assets and appointing Chairman John Malone as interim CEO following Greg Maffei's transition to a senior advisory role. The company plans to retain its Formula One and MotoGP subsidiaries while splitting its Liberty Live Group into a separate public entity. This restructuring is expected to simplify capital structures and improve trading liquidity.
Source: YAHOO