Posted in F1, Motorsport, racing, Reports Liberty Media Confirms $8 Billion Takeover Of Formula 1 Author: Brad Anderson Published Date: September 8, 2016 North American media giant Liberty Media has confirmed that it has purchased the sport of Formula 1 in a deal worth $8 billion.Read more ยป Related News Formula 1 On The Verge Of $8.4 Billion Sale To U.S. Media CompanyFormula 1 is on the verge of being sold to a US media company in a deal said to be… Liberty Media's F1 Takeover Gets The Green LightLiberty Media's stated intentions to take over the commercial rights to Formula One were all well and fine, but they… Porsche Confirms Switch From Le Mans To Formula EThe rumors, it turns out, have not been exaggerated: Porsche is shutting down its LMP1 racing program, and charging head-first… Ross Brawn Denies Reports He'll Takeover Formula 1Ross Brawn has denied reports that he's been hired by Liberty Media to run its sporting and commercial involvement in…