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US media firm to buy Formula One for $8 billion

WASHINGTON: Formula One entered a new era on Wednesday as US billionaire John Malone's Liberty Media agreed a takeover that values the motorsport at $8 billion and raises questions over the role of its colourful, long-time mastermind, Bernie Ecclestone.

Formula One to be sold next week: reports

MONZA: The long-awaited sale of Formula One to an American media group is to be completed next week, according to media reports on Sunday.

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