Liberty Global Acquires Majority Stake in Formula E.

The media giant now controls 65% of the all-electric racing series after purchasing shares from Warner Bros. Discovery.

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.