Liberty Media's High-Speed Acquisition: EU Greenlights MotoGP Deal
Liberty Media has received EU regulatory approval for its €4 billion acquisition of Dorna Sports, the owner of MotoGP. The decision follows a detailed investigation into competition impacts. Liberty aims to expand MotoGP's reach and appeal, viewing it as a promising sports asset with significant growth potential.
Liberty Media has successfully secured unconditional approval from EU regulators regarding its €4 billion acquisition of Dorna Sports, the organization behind MotoGP, according to an announcement by the European Commission on Monday.
The acquisition promises to enhance MotoGP's market presence, as Liberty Media aims to expand its appeal and reach. The commission's decision followed an exhaustive investigation to determine whether the deal would compromise competition for sports content broadcasting rights.
The Commission's findings concluded that, in licensing broadcasting rights for sports content, Liberty Media and Dorna Sports are not close competitors, ensuring that competitive dynamics between Formula 1 and MotoGP won't be disrupted. Liberty Media's CEO, Derek Chang, expressed enthusiasm about the EU's approval, acknowledging the growth potential of MotoGP.
(With inputs from agencies.)
Google News