Europe approves F1 proprietor Liberty’s MotoGP takeover
Mobile forensics
Mobile forensics “The deal is now expected to close no later than July 3”
Europe is now not any longer a barrier to F1 proprietor Liberty Media’s acquisition of MotoGP.
Liberty announced its diagram to purchase MotoGP in April 2024, but by December, optimism gave means to uncertainty because the European Commission launched a proper antitrust investigation into the 4.2 billion euro deal.
What began as assured discuss from CEO Greg Maffei soon became a plump-scale regulatory hurdle, with new rivals chief Teresa Ribera Rodriguez expressing “serious concerns” about market affect and broadcaster rivals.
On the replace hand, Liberty and MotoGP maintain now jointly declared that the European Commission has given “unconditional approval” to the takeover deal.
“The deal is now expected to close no later than July 3, 2025, opening the door to a new era for the sport,” the media statement added.
MotoGP is being equipped by Dorna, whose CEO Carmelo Ezpeleta has been guilty for a protracted time.
“Today’s approval from the European Commission marks the final condition to closing Liberty’s acquisition of MotoGP,” said Derek Chang, Liberty Media CEO.
79-year-light Ezpeleta, who will proceed to hotfoot MotoGP, commented: “We are very gratified that the European Commission has accredited the transaction.
“This is an important milestone confirming the even brighter future that lies ahead for MotoGP.”
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