Liberty Media secures EU approval to acquire MotoGP in $5 billion deal

Liberty Media, the powerhouse behind Formula 1, is shifting gears from four wheels to two with its impending acquisition of MotoGP.

The media giant announced on Monday that it has received approval from the European Commission, clearing the final hurdle to complete its purchase of an 84% stake in Dorna Sports, the Spanish company that owns the rights to MotoGP.

It’s officially happening!! 🙌

The European Commission have officially approved Liberty Media’s acquisition of #MotoGP 🔥 pic.twitter.com/YVD8JBpx9b

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The transaction, which values Dorna at €4.3 billion ($4.97 billion), was originally unveiled in April 2024, but faced delays after the European Commission launched an in-depth investigation over concerns it could drive up the cost of motorsports broadcasting rights. With those concerns now resolved, the deal is expected to be finalized by July 3.

“MotoGP is a highly attractive premium sports asset with incredible racing, a passionate fanbase and a strong cash flow profile,” said Derek Chang, president and CEO of Liberty Media. “We believe the sport and brand have significant growth potential, which we will look to realize through deepening the connection with the core fan base and expanding to a wider global audience.”