Aug.22 (GMM) Liberty Media will partly fund its acquisition of MotoGP by promoting greater than 10 million shares in Method 1.
“Liberty Media intends to train its choice to ship extra money in lieu of shares of (Method 1) as a part of its beforehand disclosed proposed acquisition of Dorna Sports activities,” a part of an official media assertion learn.
The assertion implies that Dorna, the industrial rights holder of MotoGP, is demanding to be paid in money reasonably than Method 1 shares.
Liberty introduced its deal to purchase MotoGP, the two-wheeled equal to F1, in early April this yr.
The corporate stated on the time that MotoGP will “stay an independently run firm attributed to Liberty Media’s Method One Group monitoring inventory”.
