Liberty Media €4.2 billion MotoGP takeover subject to EU probe – report
14 Dec 2024 8:00 PM

Liberty Media will takeover MotoGP provided they pass legal tests.
Liberty Media’s purchase of the MotoGP World Championship from Dorna is reported to be set for an intensive investigation by the EU.
Earlier this year, it was confirmed that Liberty Media would purchase 86 per cent of Dorna Sports, the exclusive commercial rights holder of MotoGP.
Liberty Media purchase MotoGP
Dorna Sports was bought out by Liberty Media, with confirmation of the deal being made public in early April 2024, who spent some €4.2 billion to add the illustrious motorcycle racing championship to its portfolio, by way of spending cash and shares of Series C Liberty Formula 1 stock.
This followed on from Liberty Media purchasing the commercial rights of Formula 1 from CVC Capital Partners in 2016, meaning the top classes of car racing and motorbike racing would be under one umbrella – Liberty Media’s.
However, from the get-go of the MotoGP deal, it was clear that there would be hurdles to clear before Liberty’s acquisition of MotoGP would be cleared by the EU, due to laws being in place against monopolies. Previously, CVC was made to sell the rights to MotoGP in 2006 by the European Commission based on similar grounds.
Liberty Media suggested the deal to purchase MotoGP would be completed by the end of 2024 “subject to the receipt of clearances and approvals by competition and foreign investment law authorities in various jurisdictions.”
However, an obstacle has been raised by new antitrust chief Teresa Ribera, who will lead an in-depth European Union probe into the deal in an escalation of a big merger case, according to a report by Bloomberg.
Ribera is said to be concerned the deal could hamper competition in broadcasting and streaming markets by drawing two giant motorsports brands under one banner, with Bloomberg attributing this to people “familiar with the EU probe”, who spoke on condition of anonymity.
EU officials are now set to begin a secondary probe by December 19th, with the report suggesting the European Commission’s decision is still in draft form and could still change before the deadline date.
A Liberty Media spokesperson said that the company is continuing to “work constructively” with EU regulators as part of the review and that it hopes they “will understand the dynamic nature of the market.”
The probe may take some three months or so to complete, but can take longer if regulators seek further information or clarity. It is also possible the EU may offer unconditional approval at the end of the probe, or could demand remedies to resolve concerns regarding such a deal.
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