Liberty Media Faces DOJ Antitrust Probe Over Andretti F1 Bid Rejection
The investigation follows Liberty Media's refusal to admit the Andretti-Cadillac team into Formula 1, raising antitrust concerns.
- Liberty Media confirmed the DOJ investigation during a recent conference call.
- The Andretti-Cadillac bid was rejected by Formula One Management in January after a six-month review.
- Concerns were raised that the bid's rejection could violate U.S. antitrust laws.
- U.S. senators and House Judiciary Committeemembers have expressed worries over potential anti-competitive actions.
- Liberty Media maintains that their decision complied with all applicable antitrust laws.
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