Apple revs up for F1 rights: Here's what to know

Big moves could be coming to the world of motorsports. CNBC has learned that Apple close to finalizing a US media rights deal with Formula 1 that's expected to be worth, if you're ready for this, $140 million per year. Our own Alex Sherman spoke to Apple's senior VP of services, Eddie Q, about the future of racing.>> I think in the US, everyone talks about how big Formula 1 is now. And and the reality is is because it was nowhere. Um, and so if you're nowhere, it's gotten huge.But the truth is, it's not hug ...