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Barley Risotto and Kimchi: A Culinary Crossroads| SaltWire #food #cookingshorts #kimchi -Formula One's U.S.-based owner Liberty Media announced a takeover of MotoGP's parent company Dorna on Monday, valuing the world's leading motorcycle racing championship at 4.2 billion euros .
The transaction reflects an enterprise value of 4.2 billion euros for Dorna/MotoGP and an equity value of 3.5 billion euros, the statement said. "The business has significant upside, and we intend to grow the sport for MotoGP fans, teams, commercial partners and our shareholders." "I'm not suggesting we're going to get to three but the opportunity to grow in the U.S. and in other markets and other geographies... is very exciting," said Maffei.
"We believe there is a broad market for sports and entertainment properties, of which both F1 and MotoGP are only a small subset, and that the market has continued to change from the time when this was previously reviewed in a major way," said Maffei. Wilm said Liberty would be filing with the EU, UK, Brazil and Australia for anti-trust clearance and making FDI filings in Spain and Italy.
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