10:27 AM EDT, 06/23/2025 (MT Newswires) -- Liberty Media ( LLYVB ) (LLYVA, LLYVK, FWONA, FWONK) said Monday it received final approval from the European Commission to complete its purchase of MotoGP rights holder Dorna Sports.

The deal, expected to close by July 3, gives Liberty Media ( LLYVB ) an 84% stake in Dorna, valuing the company at 4.3 billion euros ($4.95 billion), Liberty Media ( LLYVB ) said.

Dorna management will retain the remaining 16%, and its CEO, Carmelo Ezpeleta, will continue to lead operations from Madrid, Spain, the company said.

The acquisition will be funded through cash on hand and $1 billion in new loan financing at Formula 1, according to the company.

Liberty Media ( LLYVB ) said its board members and former Formula 1 executives will join Dorna's board after the deal closes, alongside existing Dorna leadership.

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