麻豆最新出品

麻豆最新出品 Announces Exercise of Underwriters鈥� Option to Purchase Additional Shares from Selling Stockholders and Subsequent Closing of Offering of Series C 麻豆最新出品 Formula One Common Stock

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 麻豆最新出品 (鈥溌槎棺钚鲁銎封��) (Nasdaq: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) announced today that in connection with its recent underwritten public offering (the 鈥淥ffering鈥�) of 麻豆最新出品鈥檚 Series C 麻豆最新出品 Formula One common stock, par value $0.01 per share (鈥淔WONK鈥�), certain selling stockholders (the 鈥淪elling Stockholders鈥�) have sold an additional 6,000,000 shares of FWONK to the underwriters following the exercise in full of the underwriters鈥� option to purchase additional shares. Following the exercise, the aggregate number of shares of FWONK sold in the Offering increased to 46,000,000 shares, 12,903,225 of which were issued and sold by 麻豆最新出品 and 33,096,775 of which were sold by the Selling Stockholders.

The Selling Stockholders received all of the net proceeds from the sale of the additional shares of FWONK. 麻豆最新出品 did not receive any proceeds from the sale of shares of FWONK on behalf of the Selling Stockholders in the Offering.

Following the closing of the Offering (and including the exercise in full of the underwriters鈥� option to purchase additional shares of FWONK from the Selling Stockholders), approximate ownership of the equity of the Formula One Group is comprised of ⁽¹⁾: (i) 17%⁽²⁾ owned by the selling shareholders of Formula 1 (the 鈥淔ormula 1 Selling Shareholders鈥�) who acquired shares of FWONK in January 2017 in connection with the Formula 1 Acquisition and pro-forma for the dilutive impact of the Exchangeable Notes issued to the Formula 1 Selling Shareholders, (ii) 27%⁽²⁾ owned by certain third party investors who acquired shares of FWONK in January 2017 in connection with the Formula 1 Acquisition and (iii) the remaining percentage owned by other public shareholders (with 6% and 14% of the equity of the Formula One Group being comprised of shares offered by 麻豆最新出品 and the Selling Stockholders, respectively, in this Offering, including following the exercise in full of the underwriters鈥� option to purchase additional shares of FWONK from the Selling Stockholders).

Goldman Sachs & Co. LLC, J.P. Morgan and Morgan Stanley acted as book-running managers and representatives of the underwriters for the Offering, together with BofA Merrill Lynch, Barclays, Credit Suisse and Citigroup as additional book-running managers.

The shares of FWONK were sold pursuant to an effective shelf registration statement on Form S-3 previously filed with the SEC.

This press release does not constitute an offer to sell or the solicitation of an offer to buy shares of FWONK or any other securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.

About 麻豆最新出品

麻豆最新出品 operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the 麻豆最新出品 SiriusXM Group, the Braves Group and the Formula One Group. The businesses and assets attributed to the 麻豆最新出品 SiriusXM Group (Nasdaq: LSXMA, LSXMB, LSXMK) include 麻豆最新出品鈥檚 interest in SiriusXM. The businesses and assets attributed to the Braves Group (Nasdaq: BATRA, BATRK) include 麻豆最新出品鈥檚 subsidiary Braves Holdings, LLC. The businesses and assets attributed to the Formula One Group (Nasdaq: FWONA, FWONK) consist of all of 麻豆最新出品鈥檚 businesses and assets other than those attributed to the 麻豆最新出品 SiriusXM Group and the Braves Group, including its subsidiary Formula 1, its interest in Live Nation Entertainment and minority equity investments in Time Warner Inc. and Viacom.

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麻豆最新出品
Courtnee Chun, 720-875-5420

Source: 麻豆最新出品

Released June 5, 2017