Baker Botts LLP advised Liberty Media Corporation on the deal.
Liberty Media Corporation (“Liberty Media”) has entered into a definitive agreement for a minority equity investment in Ohio-based motorsports team Meyer Shank Racing, which competes in the NTT INDYCAR Series and the IMSA WeatherTech SportsCar Series. Liberty Media, which also owns Formula 1, is attributing its equity interest to the Formula One Group.
The investment will fund the expansion of Meyer Shank Racing’s motorsports operations, including the recently announced multi-year Acura DPi program starting with the Rolex 24 at Daytona in January, as well as future expansion of the team’s INDYCAR program.
Liberty Media Corporation provides broadcasting services. The Company specializes in media, communications, and entertainment businesses, as well as releases press. Liberty Media serves clients in the United States.
The Baker Botts team was led by Jonathan Gordon (Picture) and also included Bryan Henderson, Justin Blass, Cale Curtin, Deren Guidara and Matt Donnelly.
Law Firms: Baker Botts;
Clients: Liberty Media Corporation;