F1 owner Liberty Media purchased MotoGP in April and is now selling shares to raise funds for the $4.2billion acquisition
Liberty Media has announced it is selling a $825million stake in Formula 1 to fund the purchase of MotoGP. It was announced in April that Liberty would acquire 86% of the shares of Dorna Sports, the Spanish company which has owned MotoGP since 1992. The deal was valued at $4.2billion, with the remaining stake staying with MotoGP management. Now a sale of over 10 million shares, priced at $77.
” The confirmation of the Dorna deal dragged on for longer than both parties would have liked, given that they had been in agreement on the terms for a while and had initially wanted to announce the news before the 2024 MotoGP season got under way in March.
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