Formula 1 owners Liberty Media and their planned takeover of MotoGP’s parent company Dorna will be decided by the European Union antitrust regulators by December 19th, Afrosport reports.
Liberty Media had announced in April that it would acquire about 86% of Dorna, with Dorna management retaining around 14% of its equity, which would give the deal an enterprise value of €4.2 billion and €3.5 billion in equity value.
The EU antitrust regulators, which act as the competition enforcer for the 27-member bloc, can approve the deal with or without conditions after its preliminary assessment or it can open an investigation if there are any serious concerns.
Liberty Media is however confident of getting the needed regulatory approval to get the deal sorted.
According to Reuters, the deal will also requires antitrust clearance in the United Kingdom, Brazil and Australia as well as Foreign Direct Investment filings in Spain and Italy.
