
Last week, news broke that Formula One owner Liberty Media was reportedly deep into acquisition talks to bring MotoGP rights-holder Dorna into the fold. Now, just a few days later, Liberty Media has announced that it has acquired an 86% stake for $4.5 billion, giving controlling interest in the series.
According to Liberty Media's Greg Maffei, the group's President and CEO, "We are thrilled to expand our portfolio of leading live sports and entertainment assets with the acquisition of MotoGP. MotoGP is a global league with a loyal, enthusiastic fan base, captivating racing and a highly cash flow generative financial profile."