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Ecclestone again denies takeover reports

ESPNF1 Staff
May 5, 2011 « FIA sets DRS zone for Turkey | »
'You would think if somebody wanted to buy it they would approach the people who own it ' © Getty Images
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Bernie Ecclestone has again played down reports suggesting Formula One is for sale after Rupert Murdoch's News Corporation and Italy's Exor confirmed they were considering forming a consortium to mount a possible takeover bid.

Ecclestone expressed surprise neither News Corporation nor Exor, which owns 30% of Italian car maker Fiat, the parent company of Ferrari, had made enquiries to see if a sale was possible.

"You would think if somebody wanted to buy it they would approach the people who own it to see if they want to sell it," he told the Guardian. "Personally, I know CVC don't want to sell, so it's going to be a bit difficult. I can see CVC in for the long haul, absolutely, 100%.

"If somebody came along and offered them a lot more money than it's worth, they would obviously say: 'Sit down, let's have a chat.' But I get the distinct feeling that's not going to happen.

"I can't understand why a company as big as News Corp need to keep looking for partners. First it was Carlos Slim, and now we've a new one."

© ESPN Sports Media Ltd.

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