The deal values Dorna at €4.3 billion and gives Liberty Media an 84% ownership stake, with the Dorna management team—led by long-standing CEO Carmelo Ezpeleta—retaining the remaining 16%.

Formula 1 commercial rights owner, Liberty Media, can finally complete its acquisition of the MotoGP motorcycling world championship after receiving unconditional approval from the European Union’s European Commission executive arm.

Liberty Media’s made a successful business of racing on four wheels. Now, it’s time for two wheels. Formula 1 owner Liberty Media is finally set to complete a deal to take control of motorcycle racing series MotoGP after receiving approval from the European Commission.