Liberty Media set to acquire Dorna and add MotoGP to motorsports stable
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Liberty Media, the US media giant and owner of motor racing’s Formula 1 (F1), is set to complete a deal to acquire Dorna Sports, the commercial rightsholder and organizer of motorcycling’s premier MotoGP series.
The agreement will be worth around €4 billion ($4.3 billion) and could be finalized in the coming days.
According to the Financial Times, the takeover can be considered a done deal but has been delayed by an investigation by the European Commission body that regulates the competition market.
Liberty is concluding negotiations with Bridgepoint, the UK-based private equity firm and largest shareholder in Dorna.
Bridgepoint bought its interest in Dorna from CVC Capital Partners in 2006.
The group owns 40% of MotoGP, with Dorna and Canada Pension Plan Investment Board (CPPIB) holding smaller stakes. CPPIB bought its holding in 2012.
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By GlobalData
Read More: Liberty Media set to acquire Dorna and add MotoGP to motorsports stable 2024-03-28 15:39:25