NASCAR is buying International Speedway in a deal worth about $2 billion. The companies said Wednesday that deal is expected to close this year.
International Speedway Corp. owns some of America’s most well known car racing facilities including the Daytona International Speedway and in Florida, where the company is based, and the Talladega Superspeedway in Alabama.
The deal comes a year after reports suggested the France family, known as the “first family” of NASCAR racing, was looking to sell it. NASCAR late last year began acquiring the remaining public stock in International Speedway, which owns a majority of the NASCAR-sanctioned tracks.
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