In a significant development, Liberty Global, a leading telecommunications company, is set to acquire a 65% controlling stake in the FIA Formula E championship. This strategic move is expected to drive growth and innovation in the world of electric racing, as Formula E looks ahead to its biggest season yet with an expanded calendar.
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Liberty Global is poised to increase its ownership stake in Formula E to 65%, making it the controlling shareholder of the electric car racing series. This major investment aims to drive forward advancements in car technology, expand the calendar with iconic new locations, and amplify marketing efforts to grow the fanbase.