Liberty Media on the Verge of Mega $3.8 Billion MotoGP Takeover
Rev up your engines, as Liberty Media, the powerhouse behind Formula 1, is revving closer to clinching a jaw-dropping $3.8 billion deal to acquire MotoGP. Sources with insider knowledge have revealed that the European Union is on the brink of granting unconditional antitrust approval for this monumental acquisition of Dorna Sports, the current owner of MotoGP.
This high-octane move by Liberty Media was set in motion when they initially announced the acquisition of 86% of MotoGP back in April last year. The remaining 14% of Dorna Sports will be retained by its management, adding up to a mind-blowing enterprise value of 4.2 billion euros for Dorna/MotoGP, with an equity value of 3.5 billion euros.
The engines are roaring, and the race is on as Liberty Media speeds towards solidifying its dominance in the motorsport world with this multi-billion dollar deal. Stay tuned for more updates on this adrenaline-fueled acquisition that is set to reshape the landscape of two-wheeled racing as we know it.
