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Motorcycling-US-based F1 owner Liberty Media announces MotoGP takeover
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Motorcycling-US-based F1 owner Liberty Media announces MotoGP takeover
Apr 1, 2024 3:10 AM

April 1 (Reuters) - Formula One's U.S.-based owner Liberty Media ( LLYVB ) has announced a takeover of MotoGP's parent company Dorna, MotoGP said in a statement on Monday.

"Liberty Media ( LLYVB ) will acquire approximately 86% of Dorna, with Dorna management retaining approximately 14% of their equity... the transaction reflects an enterprise value for Dorna/MotoGP of €4.2 billion ($4.53 billion) and an equity value of €3.5 billion," MotoGP added. ($1 = 0.9270 euros)

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