Brief: Liberty Media Announces Agreement To Acquire Commercial Rightsholder Of Motogp

Liberty Media

01/04/2024 10:59

April 1 (Reuters) - Liberty Media Corp  FWONA.O :
    * LIBERTY MEDIA CORP - TRANSACTION PRICE REPRESENTS
ENTERPRISE
VALUE OF EUR 4.2 BILLION
    * LIBERTY MEDIA CORP - CARMELO EZPELETA TO REMAIN CEO
    * LIBERTY MEDIA CORP - LIBERTY MEDIA WILL ACQUIRE 86% OF
MOTOGP
WITH MOTOGP MANAGEMENT RETAINING APPROXIMATELY 14% OF THEIR
EQUITY IN BUSINESS
    * LIBERTY MEDIA ANNOUNCES AGREEMENT TO ACQUIRE COMMERCIAL
RIGHTSHOLDER OF MOTOGP™
    * LIBERTY MEDIA CORP - TRANSACTION REFLECTS AN ENTERPRISE
VALUE
FOR MOTOGP OF EUR 4.2 BILLION AND AN EQUITY VALUE OF EUR 3.5
BILLION
    * LIBERTY MEDIA CORP - ACQUISITION IS EXPECTED TO BE
COMPLETED BY
YEAR-END 2024
    * LIBERTY MEDIA CORP - CARMELO EZPELETA, CEO OF DORNA SINCE
1994,
WILL CONTINUE TO RUN BUSINESS HEADQUARTERED IN MADRID
    * LIBERTY MEDIA CORP - UNDER DEAL, MOTOGP WILL BE ATTRIBUTED
TO
LIBERTY MEDIA'S FORMULA ONE GROUP TRACKING STOCK

Source text for Eikon:  ID:nBw6PHY2Fa 
Further company coverage:  FWONA.O