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The two went public with a joint statement, saying they were "in the early stages of exploring the possibility of creating a consortium" to buy Formula One from CVC Capital Partners, a private equity firm based in London.
News Corp. and the Agnelli family of Italy, which indirectly controls the Ferrari race team, said last week that they were exploring "the possibility of creating a consortium with a view to formulating a long-term plan for the development of Formula One in the interests of the participants and the fans".
"No single company could have completed this deal, and by creating a consortium we were able to ensure that members get access to these important invention rights," according to a news release by Intellectual Ventures, a firm in Bellevue, Wash., that invests in patents.
Neither News Corporation nor Exor has commented publicly since issuing a brief statement in May, in which they said they were "in the early stages of exploring the possibility of creating a consortium with a view to formulating a long-term plan for the development of Formula One in the interests of the participants and the fans".
Lastly, if you're creating a consortium blockchain (where competitors participate), make sure you are not creating an environment of collusion and price fixing.
The catalysis that takes place on a single campus by an EvoS program can be accelerated still further by creating a consortium of programs, as we did with the help of NSF funding in 2008.
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Instead, Indonesia, Malaysia and Thailand created a consortium in 2002 to buy and stockpile supplies.
With Government help, they have created a consortium that is testing new equipment and trying basic processes.
With Kent State University and the University of Akron, it created a consortium to sponsor the Northeastern Ohio Universities College of Medicine, which opened in 1975.
CultureHorde created a consortium model, whereby our members get into 1-2 of each organization's top events.
I mean, if you simply passed a bill in Congress that said, 60 days from now we're contracting out to American Express, Visa and MasterCard and IBM to create a consortium.
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CEO of Professional Science Editing for Scientists @ prosciediting.com