Liberty Media Faces DOJ Antitrust Probe After Denying Andretti F1 Entry

The investigation follows Liberty Media's rejection of Andretti Global's bid to join Formula One, raising questions about anticompetitive practices.

Liberty Media confirmed the DOJ investigation during a recent earnings call, pledging full cooperation.
Andretti Global's bid, backed by General Motors and Cadillac, was approved by the FIA but rejected by F1.
Concerns were raised by U.S. Congress members about potential violations of antitrust laws and the fairness of the decision.
F1 cited doubts about Andretti's competitiveness and commercial value as reasons for the rejection.
Liberty Media maintains that its decision complied with U.S. antitrust regulations.