Liberty Media extends Dorna (MotoGP) acquisition longstop date to June 2025 after EC Phase II review

Liberty Media Corp

EC initiated Phase II investigation of Liberty Media's €3.5B Dorna acquisition on Dec 19.
Liberty Media notified sellers of extension election; longstop date now June 30, 2025.
Liberty Media to pay €126M upfront amount on Jan 2/3, 2025; payment is additional to closing consideration.
FDI condition already satisfied; Regulatory condition still pending EC approval.
Liberty Media expresses confidence transaction will be approved by European Commission.

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