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SBD Global/April 10, 2014/Finance

F1 Teams Having 'Conversation' About Buying Series Stake, CEO Ecclestone Says

A group of F1 teams is “having a conversation” about buying a stake in the auto racing series whose biggest shareholder is CVC Capital Partners, according to Alex Duff of BLOOMBERG. F1 CEO Bernie Ecclestone said, “We’ll see what the group comes up with. Maybe they will get enough together to buy shares.” A Ferrari team spokesperson "declined to comment." Mercedes and Red Bull team officials "didn’t immediately return e-mails seeking comment." A CVC official "didn’t immediately return a phone message." Ecclestone said the talks are “just a conversation” and “may not go anywhere” (BLOOMBERG, 4/9).
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