Liberty announces sale of F1 stock to fund MotoGP takeover

Liberty Media has announced it is selling a $825million stake in Formula 1 to fund the purchase of MotoGP.It was announced in April that Liberty would acquire 86% of the shares of Dorna Sports, the Spanish company which has owned MotoGP since 1992.The deal was valued at $4.2billion, with the remaining stake staying with MotoGP management.Now a sale of over 10 million shares, priced at $77.50 per …Keep reading