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Stock impact report

Greg Maffei Of Formula One Owner Liberty Media Departs As Prez And CEO [Forbes]

Liberty Media Corporation - Series A Liberty Braves (BATRA) 
US:NASDAQ Investor Relations: ir.libertymedia.com/stock-information
Company Research Source: Forbes
Getty Images The BBC is reporting that Liberty Media President and CEO Greg Maffei is stepping down, becoming the fourth senior management official to leave Liberty since the American-based company acquired Formula One in 2017. Maffei will leave Liberty Media at the end of 2024. Liberty Media owns a financial stake in the Atlanta Braves of Major League Baseball through a separate entity known as Atlanta Braves Holding, Inc. That company split from the Atlanta Braves on July 18, 2023. In April 2024, Liberty Media announced its plans to acquire 86 percent of Dorna Sports, the commercial rightsholder of MotoGP. After the acquisition, Liberty Media will own MotoGP, along with WorldSBK and the support classes for both series. Liberty also owns SiriusXM Radio. Key Figure The 64-year-old Maffei was considered pivotal in the development of F1 since Liberty bought its commercial rights in 2017. He will be succeeded by Liberty Media chairman John Malone on an interim basis beginn Show less Read more
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