The Liberty SiriusXM Group (LSXMK)

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation Completes Acquisition of MotoGP™.

ENGLEWOOD, Colo.--(BUSINESS WIRE)--European Commission approves Liberty Media's acquisition of MotoGP™.

Formula One owner Liberty Media received unconditional clearance from EU regulators for its acquisition of Dorna Sports, which owns MotoGP, the European Commission said on Monday.

Liberty Media's acquisition of MotoGP's Dorna is likely to close soon, with regulatory approval expected and minimal concessions required. The deal brings strategic benefits: more scale, a clearer corporate purpose, and the chance to apply Liberty's proven F1 growth playbook to MotoGP. While the acquisition adds significant debt, strong cash flows from both F1 and MotoGP provide ample margin of safety and rapid deleveraging potential.

Liberty Media , which owns Formula One, is set to secure unconditional EU antitrust approval for its 3.5-billion-euro ($3.8 billion) acquisition of MotoGP owner Dorna Sports, people with direct knowledge of the matter said.

Formula One's U.S.-based owner Liberty Media's planned takeover of MotoGP's parent company Dorna will be decided by EU antitrust regulators by Dec. 19, a European Commission filing showed.

Liberty Media (NASDAQ:LINTA) is to sell a US$825 million chunk of shares in Formula 1 to help pay for its acquisition of the motorbike racing equivalent MotoGP. In April, Liberty agreed to buy 86% Dorna Sports, the business holding MotoGP's commercial rights, in a deal valuing the bike championship at US$4.2 billion.

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The Liberty SiriusXM Group (NASDAQ:LSXMK ) Q1 2024 Earnings Conference Call May 8, 2024 10:00 AM ET Company Participants Clare Adams - Senior Manager of Investor Relations Gregory Maffei - President and Chief Executive Officer Brian Wendling - Chief Accounting Officer and Principal Financial Officer Stefano Domenicali - President and Chief Executive Officer of Formula One Derek Schiller - President and Chief Executive Officer of Atlanta Braves Renee Wilm - Chief Legal Officer and Chief Administrative Officer Conference Call Participants Vijay Jayant - Evercore ISI Jeffrey Wlodarczak - Pivotal Research Group David Karnovsky - JPMorgan Chase & Co. Benjamin Swinburne - Morgan Stanley Stephen Laszczyk - Goldman Sachs Barton Crockett - Rosenblatt Securities Bryan Kraft - Deutsche Bank David Joyce - Seaport Research Partners Matthew Harrigan - Benchmark Company Operator Welcome to the Liberty Media Corporation's 2024 First Quarter Earnings Call. During the presentation, all participants will be in a listen-only mode.

The Oracle of Omaha yet again boosted his stake in a media giant's tracking stocks, though the transaction was smaller than previous ones.

At the end of the previous week, the Oracle of Omaha yet again boosted his stake in a media giant's tracking stocks, even with shares still in retreat.

At the end of the previous week, the Oracle of Omaha yet again boosted his stake in a media giant's tracking stocks, even with shares still in retreat.

Yet again, the Oracle of Omaha has bolstered his stake in a media giant's tracking stocks, even with shares in retreat.

Yet again, the Oracle of Omaha has bolstered his stake in a media giant's tracking stocks, even with shares in retreat.

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