News Corp to buy Formula One? Say it ain't so.

[MaineDem]

Bernie Ecclestone has said reports that Rupert Murdoch's News Corporation is in talks to buy Formula 1 are "rubbish".

Sky News said the media mogul's company could make a joint bid with Mexican billionaire Carlos Slim, who sponsors the Sauber team.

However, such a move could face regulatory hurdles and breach F1's own Concorde Agreement with the teams.

Mr Ecclestone told BBC Sport that he hadn't been approached by anyone named in the report about a deal.

"I know Rupert and James Murdoch and Carlos Slim, and if they wanted to do anything they would contact me direct. And they haven't," he told the BBC.

http://www.bbc.co.uk/news/business-13143365