(MENAFN) British-based satellite broadcaster Sky is considering over a USD6.8 billion bid to take a controlling stake in Formula One, The Peninsula Qatar reported.
Sports mogul Stephen Ross and his RSE Ventures initially hope to buy 35.5 percent of the holding company that owns F1 from London-based private equity firm CVC Capital.
The newspaper said Sky and Liberty Global, the cable conglomerate set up by the American billionaire John Malone which is the broadcaster's potential partner in any bid for Formula One, had held informal talks with CVC.
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