Liberty Global acquires majority Formula E stake from Warner Bros Discovery (WBD)
The tanking of Warner Bros Discovery’s share price, and uncertainty about the company’s future, has at least led to good news and opportunity for one party. Warner Bros Discovery share price crashed to an all-time low, read our analysis: WBD could tank to $5 soon Liberty Global gains controlling interest in Formula EYesterday, broadband and telecommunications company Liberty Global Ltd. announced that it will acquire shares held by Warner Bros. Discovery in the electric car racing series Formula E. The acquisition of shares held by Warner Bros. Discovery will, on completion, bring Liberty Glob...