By Karlee Weinmann ( February 4, 2014, 5:47 PM EST) -- Telecom giant Liberty Global PLC and Discovery Communications have teamed up to approach CVC Capital Partners about taking over its sizable minority stake in auto-racing outfit Formula One Group, according to a Tuesday report from the Telegraph. The early-stage talks could lead to a deal that values Formula One at more than $10.6 billion. Liberty and Discovery, the TV powerhouse that owns a bundle of popular cable channels, have asked to see private financial information in order to firm up their offer. CVC Capital owns a 35 percent Formula One stake, but the prospective buyers are targeting a 49 percent holding. It remained unclear who would sell the remaining 14 percent interest....