Exhibit 99.2
January 18, 2017
ÎçҹѰ»¨ Announces Receipt of Required FIA Approval in Connection with Pending Acquisition of Formula 1
ENGLEWOOD, Colo.--(BUSINESS WIRE)-- ÎçҹѰ»¨ ("ÎçҹѰ»¨ Media") (NASDAQ: LSXMA, LSXMB, LSXMK, BATRA, BATRK, LMCA, LMCK) announced today that it has received the requisite consents and approvals from the Fédération Internationale de l'Automobile (“FIA”), the governing body of Formula 1, in connection with its pending acquisition of Formula 1, and that the closing conditions related to the FIA have now been satisfied. The acquisition is expected to close this month.
Forward-Looking Statements
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the proposed acquisition of Formula 1 and its expected timing and other matters that are not historical facts. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, the satisfaction of conditions to the proposed acquisition of Formula 1. These forward looking statements speak only as of the date of this press release, and ÎçҹѰ»¨ Media expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in ÎçҹѰ»¨ Media's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of ÎçҹѰ»¨ Media, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, for risks and uncertainties related to ÎçҹѰ»¨ Media's business which may affect the statements made in this press release.
About ÎçҹѰ»¨
ÎçҹѰ»¨ Media operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the ÎçҹѰ»¨ SiriusXM Group, the Braves Group and the ÎçҹѰ»¨ Media Group. The businesses and assets attributed to the ÎçҹѰ»¨ SiriusXM Group (Nasdaq: LSXMA, LSXMB, LSXMK) include ÎçҹѰ»¨ Media’s interest in SiriusXM. The businesses and assets attributed to the Braves Group (Nasdaq: BATRA, BATRK) include ÎçҹѰ»¨ Media’s subsidiary Braves Holdings, LLC. The businesses and assets attributed to the ÎçҹѰ»¨ Media Group (Nasdaq: LMCA, LMCK) consist of all of ÎçҹѰ»¨ Media’s businesses and assets other than those attributed to the ÎçҹѰ»¨ SiriusXM Group and the Braves Group, including its interests in Live Nation Entertainment and Formula 1, and minority equity investments in Time Warner Inc. and Viacom.
ÎçҹѰ»¨
Courtnee Chun, 720-875-5420
Source: ÎçҹѰ»¨