F1 close to $100m deal with Indian brand Satyam

F1 is reportedly set to sign a major deal with Indian information technology company Mahindra Satyam.

Business Standard said the $50 to $100 million deal, ahead of India’s inaugural formula one race in October, is in the final stages of negotiation.

"We are in the final stages of signing the contract. It is a global and a very visible deal," confirmed Satyam’s sports head Dilbagh Gill from Boston.