Image source: GPFans
P1racenews AI automatic summary:
F1 owners CONFIRM massive £3.5bn acquisition
Formula 1 owners Liberty Media have officially announced their purchase of MotoGP through Dorna. The acquisition has put a value of €4.2bn on the company, which is roughly equivalent to £3.6bn. This move solidifies Liberty Media’s presence in the world of motor racing. MotoGP is a highly popular and prestigious motorbike racing series. The acquisition reflects Liberty Media’s commitment to growing its portfolio in the sports entertainment industry. This development could lead to further collaboration and cross-promotion between Formula 1 and MotoGP.
