AFP Formula One entered a new era as US billionaire John Malone’s Liberty Media agreed a takeover that values the motorsport at $8 billion and raises questions over the role of its colourful, long-time mastermind, Bernie Ecclestone. In a deal that ends years of speculation over F1’s future, Liberty said it had struck an agreement to buy out Formula ...

  AFP Hewlett Packard Enterprise announced plans to spin off its non-core software assets, to be merged with British software group Micro Focus. The deal creates an entity valued at $8.8 billion which will be “one of the world’s largest pure-play enterprise software companies,” according to HPE. “With today’s announcement, we are taking another important step in achieving the vision ...

  AFP New Zealand’s two largest media companies signed a merger agreement, although the planned deal still needs approval from the country’s competition watchdog to proceed. NZME and Fairfax Media NZ said they would reach a combined audience of 3.7 million, more than 80 percent of New Zealand’s 4.5 million population. “The merger will present opportunities for NZME to significantly ...