Malibu Grand Prix Taken Private by Chairman

Malibu Grand Prix Chairman Ira Young has completed the acquisition of Malibu Grand Prix for 95 cents a share, or about $6.2 million for the 46% of the company Young did not already own.

The Woodland Hills company, which operates amusement centers that feature amateur auto racing, is now a private company. Its shares have been delisted from the NASDAQ over-the-counter stock listings.