News Corp (NWSA.O) is in the early stages of talks about forming a consortium that would seek to acquire control of Formula One motor racing, Sky News reported on Tuesday. News Corp has been in preliminary talks in recent weeks with people connected to at least one of F1's big car manufacturers, and with Mexican billionaire Carlos Slim, about working together on a prospective takeover of F1, Sky business editor Mark Kleinman wrote in his blog.
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