m_and_a
confidence high
sentiment neutral
materiality 0.85
Liberty Media completes ~84% MotoGP acquisition; pro forma H1 2025 net income $155M, FY2024 net loss $156M
Liberty Media Corp
- Acquired ~84% of Dorna Sports (MotoGP) for cash on July 3, 2025; ~16% retained by rollover sellers.
- Funded via $939M equity raise (12.2M shares at $77.50), $1B incremental debt ($150M TLA + $850M TLB), and $126M FX forward gain.
- Pro forma total assets of $17.5B, goodwill of $7.2B, and additional long-term debt of $5.1B as of June 30, 2025.
- Pro forma net income attributable to Liberty stockholders of $155M for H1 2025 and net loss of $156M for FY2024.
item 9.01item 2.01