m_and_a
confidence high
sentiment positive
materiality 0.90
Liberty Media closes ~84% acquisition of Dorna Sports (MotoGP) for ~$3.3B; funds with cash and new debt
Liberty Media Corp
- Acquired ~84% of Dorna; remaining ~16% retained by management sellers.
- Purchase funded by ~$2.3B cash on hand and $1.0B borrowings under F1 facilities.
- F1 incremental facilities added $150M TLA and $850M TLB, partially funding the acquisition.
- Post-close, Formula One Group includes F1, MotoGP, and Quint.
- Financial statements and pro forma to be filed by amendment within 71 days after July 10.
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