Liberty Media Files for MotoGP Acquisition Approval

Liberty Media has filed with the European Commission for regulatory approval to acquire an 86% stake in Dorna Sports, the management of MotoGP, in a deal valued at approximately $4.5 billion. CEO Greg Maffei confirmed the submission and anticipates a decision by December 19, 2024. The acquisition aims to enhance Liberty's portfolio, which already includes Formula 1, and is expected to provide broadcasters with up to 25 hours of content over a race weekend through MotoGP's feeder series. Concerns about potential monopolistic practices have been raised, as the merger would consolidate significant power in motorsports under Liberty. The deal is contingent on the EC's approval, with a possibility of extended investigations if competition concerns arise. Maffei has announced he will step down as CEO at the end of the year but remains optimistic about completing the transaction by year-end.