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HomeMotorcycle RacingFormula One discussing €4B deal for MotoGP: FT

Formula One discussing €4B deal for MotoGP: FT

Liberty Media’s Formula One (NASDAQ:FWONA) is in exclusive talks toward a €4B deal for the company that owns motorcycle racing series MotoGP, the Financial Times reported.
That would come at the expense of a rival bid for MotoGP owner Dorna Sports from Ari Emanuel’s combat-sports name TKO Group (NYSE:TKO), as well as interest from state-backed Qatar Sports Investments.
TKO stock (TKO) quickly pared Wednesday’s gains and returned to the flat line after the news.
Dorna, whose largest stake is held by private-equity name Bridgepoint, organizes 251 races per year across 20 countries.
The deal could run into regulatory issues, the FT notes: CVC Capital Partners once owned both Formula One and MotoGP but had to sell the motorcycle series in 2006 in order to buy F1.
The deal is close but an announcement might not come until next week, according to the report.

web-interns@dakdan.com

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