Company: LBTYK
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001570585-25-000223
Chunk: 62

Company: Liberty Global Ltd.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 62
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 investment in Formula E immediately prior to the Formula E Acquisition, including our €80.5 million ($88.9 million at the Formula E Acquisition Date) shareholder loan to Formula E.(c)Represents the fair value of the noncontrolling interest in Formula E as of the Formula E Acquisition Date. 

13

LIBERTY GLOBAL LTD.Notes to Condensed Consolidated Financial Statements — (Continued)September 30, 2025(unaudited)

A summary of the identifiable assets acquired and liabilities assumed at the Formula E Acquisition Date is presented in the following table and reflects our final purchase price allocation (in millions): Current assets (a)$98.8 Property and equipment, net32.1 Intangible assets subject to amortization, net (b)663.9 Other assets, net13.3 Other accrued and current liabilities(167.5)Deferred tax liabilities(110.9)Other long-term liabilities(12.0)Total identifiable net assets$517.7 Goodwill (c)$229.2 _______________(a)In connection with the Formula E Acquisition, we acquired $22.2 million of cash and cash equivalents, including restricted cash.(b)Amount primarily includes an intangible asset related to a licensing agreement with the Federation Internationale l’Automobile (FIA) that provides Formula E with the exclusive rights to operate an electric motor racing championship. The weighted average remaining useful life of Formula E’s intangible assets is approximately 22 years. (c)The goodwill recognized in connection with the Formula E Acquisition primarily represents the future economic benefits expected to arise from other intangible assets acquired that do not qualify for separate recognition, including assembled workforce, value associated with future sponsors, continued innovation and non-contractual relationships.Pro Forma InformationThe following unaudited pro forma consolidated operating results for the three and nine months ended September 30, 2024 give effect to the Formula E Acquisition as if it had been completed as of January 1, 2023. These pro forma amounts are not necessarily indicative of the operating results that would have occurred if the Formula E Acquisition had occurred on such date, and are based on certain assumptions that we believe are reasonable. Three months ended September 30, 2024Nine months ended September 30, 2024(unaudited)Revenue (in millions)$1,100.4 $3,465.5 Net loss from continuing operations attributable to Liberty Global shareholders    (in millions)$(1