* Agreed to acquire Formula One from a consortium of sellers led by CVC capital partners

* Transaction price represents enterprise value for Formula One of $8.0 billion

* Initial sale of 18.7 percent minority stake in Formula One, with 100 percent sale subject to satisfaction of conditions

* Acquisition will be effected by liberty media acquiring 100 percent of shares of Delta Topco, parent company of Formula One

* Transaction price represents an equity value of $4.4 billion

* Liberty Media Corp says Bernie Ecclestone will remain formula one's CEO

* Prior to completion, CVC funds will continue to be controlling shareholder of Formula One

* Upon completion of acquisition, Liberty Media Group will be renamed Formula One Group

* Formula One will remain based in London

* Liberty Media Corp says funding for cash component of acquisition is expected to come from cash on hand at Liberty Media Group

* Ticker symbols for series A, series B and series C Liberty Media Group tracking stocks will be changed from LMC (A/B/K) respectively

* Selling stockholders will get $1.1 billion in cash, 138 million newly issued shares of LMCK and a $351 million exchangeable debt instrument Source text for Eikon: Further company coverage: Chase Carey, the executive vice-president of 21st Century Fox, has been appointed chairman of the Formula One Group, while Bernie Ecclestone, currently the chief executive, will remain in his position. Liberty Media, which is owned by American media mogul John Malone, and its sister companies have interests that span from baseball's Atlanta Braves to Virgin Media, and Malone owns shares in ITV, Eurosport and Formula E.

Liberty Media president and chief executive Greg Maffei said: 'We are excited to become part of Formula One. Liberty Media will initially acquire an 18.7 per cent minority stake before completing a full takeover if the deal is approved by regulators and the FIA.
Liberty Media confirms it is buying Formula One for US$4.4 billion; however, Bernie Ecclestone will remain as chief executive.