BRUSSELS, June 23 (Reuters) - Formula One owner Liberty

Media ( LLYVB ) received unconditional clearance from EU

regulators for its acquisition of Dorna Sports, which owns

MotoGP, the European Commission said on Monday.

Liberty Media ( LLYVB ) had argued the transaction would allow it to

grow the reach and appeal of MotoGP.

The commission said the decision followed a lengthy probe

that examined if the acquisition would reduce competition for

the licensing of sports content broadcasting rights.

"Based on the evidence gathered, the Commission found that

on such markets the companies are not close competitors for the

licensing of broadcasting rights for sports content," the

commission said in a statement.

"Therefore, the transaction will not remove important

competitive constraints between Formula 1 and MotoGP," it added.

Reuters had reported that EU regulators were poised to

approve the acquisition in April. Liberty Media ( LLYVB ) had announced

the 3.5-billion-euro deal to purchase an 86% stake in Dorna in

April 2024.