By alley - Oct 6, 2014, 11:01 AM ET

Report: F1 IPO could soon be back on

The

Bloomberg news service

reports that the long-delayed stock market initial public offering of Formula 1 could soon be back on.

CVC Capital Partners Ltd., which owns 35.5 percent of F1 has revived plans for an IPO in Singapore in early 2015, if current talks to sell the company break down, Bloomberg says. CVC has been in discussions with John Malone's Liberty Global Plc and Discovery Communications Inc. about a deal for several months, but discussions have stalled over value of the shares. It is expected that an IPO could raise as much as $3 billion.

CVC previously attempted an IPO of the company in 2012, but abandoned it because of the Eurozone economic crisis that affected global equity markets.

Over the weekend,

F1 chief executive Bernie Ecclestone denied a British media report that he been refused re-instatement to the board of F1's holding company, Delta Topco

, becuse "conditions" on Ecclestone's return to the board had not yet been met.

Click here

to read the full Bloomberg report