Formula One owners Liberty Media buy MotoGP for $4.5 bn
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.
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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.
FORMULA One owner Liberty Media will take over the motorcycle racing league MotoGP as part of a €3.5bn deal to buy its parent company Dorna. Experts said the deal, which was confirmed yesterday,...
Dorna will stay an independently run company attributed to Liberty Media's Formula One Group tracking stock and continue to be based in Madrid, with long-serving Dorna CEO Carmelo Ezpeleta remaining in his position.
The deal will see Liberty Media acquire about 86 per cent of Dorna, the current promoters of MotoGP with Dorna management retaining around 14 per cent of its equity. The deal is expected to be completed by the end of 2024.
F1 owner Liberty Media is buying MotoGP. The €3.5bn deal will see Dorna Sports, the commercial and television rights holder of MotoGP, remain an independently