F1 owner Liberty Media facing anti-trust probe over Andretti rejection

Liberty Media has announced that it is facing an investigation by the US Department of Justice over rejecting Andretti Global’s Formula 1 bid.CEO Greg Maffei confirmed in a quarterly earnings call that the company owning Formula 1 is officially being probed by the justice department’s Antitrust Division over the legality of F1 refusing entry to Michael Andretti’s team.Partnering General Motors …Keep reading