---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-090842"
form_type: "8-K/A"
ticker: "FWONA"
cik: "0001560385"
company_name: "Liberty Media Corp"
filed_at: "2025-09-17T23:59:59+00:00"
generated_at: "2026-05-17T06:21:56.038605+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Liberty Media completes ~84% MotoGP acquisition; pro forma H1 2025 net income $155M, FY2024 net loss $156M

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-090842
- form_type: 8-K/A
- ticker: FWONA
- cik: 0001560385
- company_name: Liberty Media Corp
- filed_at: 2025-09-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 9.01, 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1560385/000110465925090842/0001104659-25-090842-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560385/000110465925090842/tm2526019d1_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-090842
- JSON: https://secwatch.observer/filing/0001104659-25-090842.json
- Plain text: https://secwatch.observer/filing/0001104659-25-090842.txt

## Key facts
- M&A Transactions
  Liberty Media Corp completed an acquisition involving Dorna Sports, S.L. (MotoGP) for cash (closed 2025-07-03).
  - Action: acquisition
  - Counterparty: Dorna Sports, S.L. (MotoGP)
  - Consideration: cash
  - Closing: 2025-07-03
  source text: On July 3, 2025 (the “Closing Date”), Liberty Media Corporation (“Liberty Media” or the “Company”) completed its previously announced acquisition (the “MotoGP Acquisition”), by Libertad Especia, S.L.U., a private limited company incorporated in Spain and a wholly owned subsidiary of Liberty Media (“Buyer”), of approximately 84% of the equity interests in Dorna Sports, S.L., a private limited company incorporated in Spain (“MotoGP”), for cash
  evidence_url: https://www.sec.gov/Archives/edgar/data/1560385/000110465925090842/0001104659-25-090842-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.