Liberty Media CEO Greg Maffei said his company looked at around 140 companies in all as potential media or entertainment acquisitions, but saw no target worth pursuing for a merger with its financial vehicle.
Liberty Media president and CEO Greg Maffei told the online meeting that his company — which owns the Atlanta Braves and the Formula One race car circuit among other media and entertainment assets — looked at around 140 companies in all as potential acquisitions, without identifying who they were. He added a picky Liberty Media saw no targets worth pursuing for a merger.
“Frankly, getting an extension wasn’t worth it, given we had nothing on the table that was attractive enough for us to take us look,” Maffei told investors about the decision to wind up the SPAC. Liberty Media Acquisition had announced the special meeting in October, detailing the challenges of its management team, led by Maffei, in finding a suitable merger deal.
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