F1 owner Liberty Media announces takeover of MotoGP

Jorge Martín of Spain won the Portuguese Grand Prix at the Autodromo do Algarve in the season’s most recent race.Jorge Martín of Spain won the Portuguese Grand Prix at the Autodromo do Algarve in the season’s most recent race., MotoGP said in a statement on Monday.

“Liberty Media will acquire approximately 86% of Dorna, with Dorna management retaining approximately 14% of their equity … the transaction reflects an enterprise value for Dorna/MotoGP of €4.2bn and an equity value of €3.5bn,”“We are thrilled to expand our portfolio of leading live sports and entertainment assets with the acquisition of MotoGP,” Liberty Media president and CEO Greg Maffei said.

The acquisition is expected to be completed by the end of the year subject to clearances and approvals by law authorities, MotoGP added. The takeover could attract regulatory scrutiny. CVC Capital Partners, who sold Formula One to Liberty in 2017, were cleared by the European Commission to buy F1 in 2006 on condition they sold Dorna.

Source: News Formal (newsformal.com)

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Media Observed: ABC loses more in the Meta v media and government standoffThe more decisive the Albanese government is in its war with Meta, the more the ABC will lose in its Meta deal; Tentative open season for AI at News Corp.
Source: FinancialReview - 🏆 2. / 90 Read more »

Acosta says MotoGP debut ‘like losing your virginity’ after ‘emotional’ first raceMotoGP: Aussie Jack Miller became the first man to crash in the new MotoGP season, while Francesco Bagnaia took out the opening race in Qatar.
Source: FOXSportsAUS - 🏆 24. / 51 Read more »

Aussie’s nightmare start to MotoGP season as ‘unreal’ reigning champ makes statementMoto GP: Jorge Martin may have finished 2023 devastated, but has started 2024 with a sprint race win in Qatar.
Source: FOXSportsAUS - 🏆 24. / 51 Read more »

First MotoGP points of the season decided as star reveals close calls in sprint winF1: Max Verstappen claimed the Saudi Arabian Grand Prix, while Aussie Oscar Piastri finishing fourth.
Source: FOXSportsAUS - 🏆 24. / 51 Read more »

Formula 1 Australian Grand Prix | Australian Financial ReviewThe latest Formula 1 Australian Grand Prix news, articles and analysis from the Australian Financial Review
Source: FinancialReview - 🏆 2. / 90 Read more »

Formula 1 Australian Grand Prix | Australian Financial ReviewThe latest Formula 1 Australian Grand Prix news, articles and analysis from the Australian Financial Review
Source: FinancialReview - 🏆 2. / 90 Read more »