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Liberty Media's MotoGP Takeover Deal is Delayed Again

Back in December, the European Commission (which is the European Union's executive arm) announced that it would subject Liberty Media's proposed acquisition of Dorna Sports to a m
The acquisition of MotoGP by Liberty Media, the company that also owns Formula 1, has encountered another delay. Originally, the deal was expected to be completed by the end of 2023, but it has now been postponed to the first half of 2024. This delay stems from ongoing regulatory reviews, particularly from the European Commission, which is examining the implications of the $4.2 billion deal. The European Commission has set a deadline of March 14, 2024, to make a decision on whether to approve the acquisition. This regulatory scrutiny is part of ensuring that the takeover does not lead to monopolistic practices or negatively impact competition within the motorsport industry. Meanwhile, Liberty Media has expressed confidence in the eventual approval of the deal, highlighting their commitment to enhancing MotoGP's global presence and fan engagement, similar to what they have achieved with Formula 1.

Read the Full MSN Article at:
[ https://www.msn.com/en-ph/sports/motorsports/liberty-media-s-motogp-takeover-deal-is-delayed-again/ar-AA1y7DkX ]