EU regulators to clear without conditions Liberty Media's MotoGP deal, sources say

Reuters

04-08

EU regulators to clear without conditions Liberty Media's MotoGP deal, sources say

BRUSSELS, April 8 (Reuters) - EU antitrust regulators are set to approve Formula One owner Liberty Media's FWONA.O, 3.5-billion-euro ($3.8 billion) acquisition of MotoGP owner Dorna Sports, people with direct knowledge of the matter said.

Liberty Media announced the deal to buy 86% of MotoGP in April last year, with Dorna management keeping around 14% of its equity, giving the deal an enterprise value of 4.2 billion euros for Dorna/MotoGP and an equity value of 3.5 billion euros.

(Reporting by Foo Yun Chee; Editing by Emelia Sithole-Matarise)

((foo.yunchee@thomsonreuters.com; +32 2 585 2866; Reuters Messaging: foo.yunchee.thomsonreuters.com@reuters.net))

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