News Corp in talks to make joint bid for one of few sports where it has no foothold with Mexican magnate Carlos Slim.

This article titled “Formula One subject of takeover talks by Rupert Murdoch and Carlos Slim” was written by Ben Quinn, Mark Sweney and Dominic Rushe in New York, for The Guardian on Tuesday 19th April 2011 21.15 UTC

Rupert Murdoch's News Corp is in talks with Carlos Slim, said to be the world's richest man, about making a joint bid for the control of Formula One motor racing – one of the few major commercial sports in which it has yet to gain a foothold.

The bid was, according to Sky News, in the early stages, with News Corp in talks about forming a consortium that would include the Mexican billionaire.

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