Formula One 'bought by Irish-American businessman John Malone' in massive €3.9bn deal

Irish-American John Malone is keen to add the power of F1 to his Olympic Games deal

Liberty Media, a U.S. based media and communications company with interests in Atlanta Braves baseball team and satellite radio service Sirius XM, said it would buy the cash-rich sports Formula One Racing for €3.9bn ($4.4 billion).

Irish-American businessman John Malone-led Liberty Media will buy Formula One from a group led by private equity firm CVC Capital Partners.