Liberty Global to acquire Formula E from Warner Bros. Discovery
Liberty Global will acquire Warner Bros. Discovery's shares in Formula E, increasing its ownership to 65%. The deal gives Liberty a controlling stake in the electric racing series, which has 400 million fans and 11 teams. The transaction is pending regulatory approval and is expected to close by year-end, according to the companies.
How this was made

The 30-second read
Why it matters
The acquisition positions Liberty Global in a fast‑growing, ESG‑focused sport, potentially enhancing brand value and opening new advertising opportunities.
Market read
The deal could influence media and sports sector valuations and reflects broader trends toward sustainable entertainment.
What to watch
Regulatory approval risk and the uncertain profitability of Formula E's niche audience.
Background
Liberty Global, a multinational telecommunications and media company, is expanding its portfolio into electric motorsport by acquiring a majority stake in Formula E.
Ticker impact
Liberty Global is acquiring Warner Bros. Discovery's shares to reach a 65% controlling stake in Formula E.
Liberty Global stock may see a short‑term upside as investors price in the strategic expansion.
Control of a high‑visibility sport aligns with Liberty Global's growth strategy and could unlock new revenue streams.
Market effects
Strengthens the sports and entertainment media sector exposure for Liberty Global.
May boost European media stocks as a high‑profile M&A unfolds.
Highlights growing investor interest in sustainable sports and EV‑related entertainment.
Counterpoint
The deal could strain Liberty Global's balance sheet if integration costs exceed expectations.
Key entities
- CompanyLiberty Global
US‑listed media and telecom conglomerate (ticker LBTYA).
- CompanyWarner Bros. Discovery
Current minority shareholder of Formula E.
- OrganizationFormula E
All‑electric FIA‑sanctioned world motor racing championship.


