Liberty Global to acquire Formula E from Warner Bros. Discovery.

Liberty Global, a multinational telecommunications company, agreed to acquire Formula E, an open-wheel single-seater motorsport championship for electric cars, from Warner Bros. Discovery, global media and entertainment company. Financial terms were not disclosed. “First of all I’d like to offer my thanks to Warner Bros. Discovery for the support and guidance they’ve provided Formula E over the past nine years. Liberty Global have a proven track record of building and growing businesses and their investment in us comes at the perfect time as we plan for a period of exponential growth. Having personally known and worked alongside the Liberty leadership team for over a decade, I’m thrilled to be able to further benefit from their expertise and their resources. This is a powerful vindication of the huge potential of our sport,” Jeff Dodds, Formula E CEO.