BRIEF-Liberty Media Announces Agreement To Acquire Commercial Rightsholder Of Motogp-February 2024-www.financetom.com

BRIEF-Liberty Media Announces Agreement To Acquire Commercial Rightsholder Of Motogp

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BRIEF-Liberty Media Announces Agreement To Acquire Commercial Rightsholder Of Motogp

Apr 1, 2024 3:20 AM

April 1 (Reuters) - Liberty Media Corp ( LLYVB ):

* LIBERTY MEDIA CORP ( LLYVB ) - TRANSACTION PRICE REPRESENTS

ENTERPRISE

VALUE OF EUR 4.2 BILLION

* LIBERTY MEDIA CORP ( LLYVB ) - CARMELO EZPELETA TO REMAIN CEO

* LIBERTY MEDIA CORP ( LLYVB ) - LIBERTY MEDIA WILL ACQUIRE 86% OF

MOTOGP

WITH MOTOGP MANAGEMENT RETAINING APPROXIMATELY 14% OF THEIR

EQUITY IN BUSINESS

* LIBERTY MEDIA ANNOUNCES AGREEMENT TO ACQUIRE COMMERCIAL

RIGHTSHOLDER OF MOTOGP™

* LIBERTY MEDIA CORP ( LLYVB ) - TRANSACTION REFLECTS AN ENTERPRISE

VALUE

FOR MOTOGP OF EUR 4.2 BILLION AND AN EQUITY VALUE OF EUR 3.5

BILLION

* LIBERTY MEDIA CORP ( LLYVB ) - ACQUISITION IS EXPECTED TO BE

COMPLETED BY

YEAR-END 2024

* LIBERTY MEDIA CORP ( LLYVB ) - CARMELO EZPELETA, CEO OF DORNA SINCE

1994,

WILL CONTINUE TO RUN BUSINESS HEADQUARTERED IN MADRID

* LIBERTY MEDIA CORP ( LLYVB ) - UNDER DEAL, MOTOGP WILL BE ATTRIBUTED

LIBERTY MEDIA'S FORMULA ONE GROUP TRACKING STOCK

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