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Liberty Global is set to take a controlling stake in FIA Formula E, acquiring the shares held by Warner Bros. Discovery. Liberty will now be taking 65%, leaving Formula E in the hands of a huge telecommunications company that gives the series a further boost, after this week’s announcement of the Season 11 calendar, the […]
Liberty Global will now take a 65% stake in Formula E, giving control to a major telecommunications company, following the Season 11 calendar announcement, marking the largest calendar in the series’ history. Liberty Global was formed in 2005 through the merger of UnitedGlobalCom and Liberty Media’s international arm, which owns Formula One. Virgin Media O2, also owned by Liberty Global, was led by Jeff Dodds before he became Formula E’s CEO. Liberty Global’s acquisition of the Formula E stake from Warner Bros. Discovery signals a strategic move in the company’s growth plans. Dodds expressed gratitude for Warner Bros. Discovery’s past support and looks forward to the exponential growth potential under Liberty Global’s ownership, as confirmed by CEO Mike Fries. Fries highlighted Formula E’s sustainability focus and growth prospects, aligning with Liberty Global’s approach of strategic investment in promising ventures.
