Overview

• Liberty Global increases its stake in Formula E from 35% to 65%, gaining control of the series.
• The financial details of the transaction remain undisclosed, pending regulatory approval.
• Formula E's CEO highlights the need for capital and conviction to sustain the series' growth.
• The racing series boasts a global viewership of nearly 400 million and a 17-race calendar.
• Formula E aims to challenge Formula One with advancements in car technology and performance.