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F1 owner Liberty Media buys MotoGP for £3.6bn

Formula 1 owner Liberty Media has bought MotoGP in a deal valued at £3.6bn. The US media conglomerate, which took control of F1 in 2017,…

Formula 1 owner Liberty Media has bought MotoGP in a deal valued at £3.6bn.

The US media conglomerate, which took control of F1 in 2017, has purchased the motorbike series from Spanish company Dorna Sports, which has owned MotoGP since 1992.

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The deal will see Liberty acquire about 86% of Dorna, with Dorna’s management retaining the rest of the business.

It is expected to be officially completed by the end of the year.

Greg Maffei, Liberty Media president and chief executive officer, said the company was “thrilled” to be expanding its live sports portfolio.

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