<p>Liberty Media Corp., led by U.S. cable mogul John Malone, said on Wednesday it would raise $1.55 billion to fund its acquisition of Formula One racing car series.</p>
<p>The company said investors, including Coatue Management LLC, D. E. Shaw and Jana Partners, had committed to the financing through a subscription for Liberty’s Series C common stock at $25 per share.</p>
<p>Liberty Media took control of the cash-generating glamour sport in September in a deal valued at $8 billion, ending a long-running saga surrounding the sport’s ownership and potential flotation.</p>