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Liberty's MotoGP purchase delayed as EU opens in-depth investigations

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The European Union's highest institution will open an "in-depth investigation" to determine whether the purchase of MotoGP by Formula 1 owner Liberty Media violates its antitrust framework. The European Commission,
The acquisition of MotoGP by Liberty Media, the company that also owns Formula 1, has encountered a delay due to an in-depth investigation by the European Union. The EU's competition authorities are scrutinizing the deal to assess its impact on market competition, particularly focusing on whether Liberty Media's control over both MotoGP and Formula 1 could lead to monopolistic practices or hinder competition in the motorsport industry. This investigation was initiated after Liberty Media announced its intent to purchase MotoGP for $4.2 billion from Spain's Dorna Sports, with the transaction expected to close by the end of 2024. The EU's concerns revolve around potential issues like the bundling of media rights, sponsorship deals, and the overall governance of motorsport events.

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[ https://www.msn.com/en-us/sports/other/liberty-s-motogp-purchase-delayed-as-eu-opens-in-depth-investigations/ar-AA1waCa8 ]