Liberty Media, the owner of Formula One, has agreed to acquire MotoGP parent company Dorna Sports SL for €4.2 billion. The deal includes MotoGP being valued at $4.5 billion. Liberty Media CEO Greg Maffei acknowledged the high price but sees potential in the acquisition, aiming for US growth for MotoGP post-acquisition. The acquisition of MotoGP by Liberty Media is part of its strategy to expand its global racing portfolio.
Dorna feels Liberty Media's success at breaking into the American market with #F1 was "more the exception than the rule" as it tries to replicate the same with #MotoGP. Full story ⬇️ https://t.co/llvX8C6zGQ
“What Formula 1 has done is more the exception than the rule." Can #MotoGP follow #F1 in breaking the US market under Liberty Media's guidance? 🤔 Read more ⬇️ https://t.co/k0pSVnTyJY
🇺🇸 Last November’s inaugural #LasVegasGP was an extraordinary undertaking for Liberty Media and #F1, and it worked out better than most anticipated. We've looked at the numbers to analyze the race's financial impact 💵 https://t.co/XT03UCayed
🗣️"It would be a rather complicated project." Dorna sporting director Carlos Ezpeleta says it is “not ruling out” a joint #MotoGP and #F1 event under Liberty Media’s ownership, but admits it’s not a straightforward proposition. FULL STORY: https://t.co/SeZFqJtrNx https://t.co/W5T3m66LVU
Dorna is “not ruling out” a joint #MotoGP and #F1 event under Liberty Media’s ownership. However, this admittedly is “a complicated project”. Read more ⬇️ https://t.co/bPddbVQ1Xz
🗣️"It would be a rather complicated project." Dorna sporting director Carlos Ezpeleta says it is “not ruling out” a joint #MotoGP and #F1 event under Liberty Media’s ownership, but admits it’s not a straightforward proposition ⬇️ https://t.co/SeZFqJtrNx
Nearly a decade after transforming F1 into a juggernaut, John Malone’s Liberty Media is looking to employ the same makeover on its newest multibillion-dollar portfolio toy, MotoGP. @Ourand_Puck reports. https://t.co/Cju2Heh6Cp
#FormulaOne owners #LibertyMedia announce $4.2-billion #acquisition of #MotoGP https://t.co/tRIA4zxH4R
I'll have an article out tomorrow morning on Liberty Media's $4 billion acquisition of MotoGP. Subscribe through the link in my bio to get it directly in your inbox!
Liberty explains why negotiating joint #F1 and #MotoGP TV deals under its new ownership is "a non-starter" 📺 Full story ⬇️ https://t.co/mShIC210Ly
Liberty Media says the idea that it will start to negotiate #F1 and #MotoGP TV deals under its new ownership of the latter is "a non-starter". https://t.co/vTr5Hbu05k
Sky News Business Editor Ross Greenwood says most of MotoGP’s owners, the Spanish Group Dorna Sports, was acquired by Liberty Media for around $7 billion. https://t.co/AI7UZX6Lts
Liberty Media has acquired global motorcycle racing series MotoGP. Here's the details: https://t.co/4dT1w7SCQL
Liberty Media plans US growth for MotoGP after €4.2bn deal https://t.co/r3bZc0vJI2
Liberty Media to Buy Motorcycle Racing Circuit MotoGP in Deal Valuing Its Owner at $4.5B https://t.co/pK0LW27Tzh
Liberty Media CEO @GregMaffei admits that "we're paying a pretty good price" for @MotoGP: "I don’t think we’re getting it cheap." - @FT - MotoGP is being valued at $4.5 billion, versus @F1 being valued at $8 billion in 2016 when Liberty bought that series.https://t.co/0Cgb9DixPd
Liberty Media Corp., the American company that owns Formula 1, is adding to its global racing portfolio with the purchase of the MotoGP motorcycle racing series by the end of the year, MotoGP officials announced Monday. https://t.co/vmYSBv31pD
Formula One owner Liberty Media agreed to acquire MotoGP parent company Dorna Sports SL from Bridgepoint and the Canada Pension Plan Investment Board in a deal worth €4.2 billion. https://t.co/HK6vvkaIor