Liberty Media to sell $825m F1 shares ahead of MotoGP acquisition

  • 📰 crash_motogp
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 68%

Liberty Media News

South Africa South Africa Latest News,South Africa South Africa Headlines

Liberty Media’s MotoGP deal ‘expected to close by year-end 2024’

Liberty Media has announced plans to sell F1 shares worth $825m to ‘partially fund’ it’s planned acquisition ofIn April, Liberty agreed to acquire 86% of MotoGP commercial rights holder Dorna Sports S.L., valuing the sport at $4.2 billion.

Upon announcing this week’s sale of over 10 million F1 shares, Liberty confirmed that the end-of-year timeline to complete the MotoGP acquisition remains in place.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 33. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines