Formula One owners Liberty Media buy MotoGP for $4.5 bn
The Peninsula
Paris: Formula One owners Liberty Media have agreed to buy MotoGP on Monday in a deal valued at around $4.5 billion, the American company said. Mot...
Paris: Formula One owners Liberty Media have agreed to buy MotoGP on Monday in a deal valued at around $4.5 billion, the American company said.
MotoGP said in a statement that Liberty Media would acquire "approximately 86 percent" stake from Spain-based owners Dorna in a deal valued at 4.2 billion euros ($4.5 billion).
The acquisition is expected to be completed by the end of 2024 subject to clearances and approvals by competition and foreign investment law authorities in various jurisdictions.
Liberty will not be the first company to own both Formula One and MotoGP.
Private equity firm CVC Capital Partners had owned both F1 and MotoGP but was forced to sell the motorcycle series to buy F1 after EU competition regulators raised objections.
