If you are a fan of Formula 1 and are always looking for the latest tidbits of news and gossip from around the paddock, you have probably heard of F1-Live. They provide amazing day-to-day coverage of the sport, and other sites have sprung up as a result under the Racing-Live.com umbrella.
Today, Racing-Live.com announced they have been purchased by ESPN. Though no numbers were released as to how much ESPN paid for the family of sites, being that ESPN is owned by Disney, I doubt that it went for pennies.
Full PR-gasm here.