EU

F1 owner Liberty Media gets EU approval for MotoGP takeover

F1 owner Liberty Media gets EU approval for MotoGP takeover

The European Commission has given Formula 1 owner Liberty Media the unconditional approval for its €4 billion acquisition of Dorna Sports, which owns MotoGP, Afrosport reports. Liberty Media announced its plan to take over 84% of Dorna, the commercial rights holders of MotoGP, for €4.3 billion on an enterprise value basis, and an equity value of €3.7 billion. Such a deal was however going to go...

Liberty Media takeover of MotoGP to be scrutinised by EU antitrust regulators

Liberty Media takeover of MotoGP to be scrutinised by EU antitrust regulators

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...