Reuters
Sports
Waddell & Reed lift F1 stake in $500 million deal
Sat, Jun 16 07:15 AM EDT

By Keith Weir

LONDON (Reuters) - U.S. asset management company Waddell & Reed increased its stake in the Formula One motor racing business to 20.9 percent from around 14.4 percent in a $500 million deal after the motor racing business put flotation plans on hold.


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