Bridgepoint eyes $4.4 billion sale of MotoGP rights holder - Sky News (updated)

Liberty Media

02/03/2024 14:06

(Adds details from Sky News report)
       March 2 (Reuters) - British private investment company
Bridgepoint Group  BPTB.L  is in advanced talks to sell Dorna
Sports, which holds the commercial rights to MotoGP, in a bid to
raise 3.5 billion pounds ($4.43 billion), Sky News reported on
Saturday.
        MotoGP is the top division of Grand Prix motorcycle
racing, the sport's highest class of events.
  
        Bridgepoint declined to comment on the report.
  
        Liberty Media  FWONA.O , which also owns Formula One, is
said to be the frontrunner to buy Dorna, although it is
reportedly facing competition from a number of rival bidders.
  
        Liberty Media also has publicly listed tracking groups
for its interest in Formula One and event ticketing firm
LiveNation.
  
        Dorna Sports and Liberty Media did not immediately
respond to a Reuters request for comment.
  
        London-listed Bridgepoint, which owns close to 40% of
Dorna, is trying to close the deal within few weeks, Sky News
said citing a single source.
  

($1 = 0.7905 pounds)

 (Reporting by Shubhendu Deshmukh in Bengaluru, editing by Ed
Osmond)
 ((ShubhenduSatish.Deshmukh@thomsonreuters.com;))