Formula One Group (NasdaqGS:FWON.K) entered into a definitive agreement to acquire greater than 90% of QuintEvents, LLC for an enterprise value of approximately $310 million on September 6, 2023. The transaction which is expected to be accretive, will be funded with cash on hand. F1 and Quint will continue to be operated as separate companies. Closing is anticipated by year-end and is subject to customary closing conditions, including applicable antitrust filings. J.P. Morgan is acting as exclusive financial advisor and Bryan Cave Leighton Paisner is serving as legal advisor to Quint. O?Melveny & Myers is serving as legal advisor to Liberty Media.

Formula One Group (NasdaqGS:FWON.K) completed the acquisition of greater than 90% of QuintEvents, LLC on January 3, 2024.