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Liberty Media Liberty Formula One ( (FWONA) ) has issued an update.
Liberty Media has entered into an agreement to acquire 86% of Dorna Sports, the organizer of MotoGP, for approximately €3.502 billion. The transaction is under a Phase II review by the European Commission, which has led to an extension of the longstop date to June 30, 2025. Liberty Media believes the acquisition will benefit MotoGP and enhance its competitiveness in the audiovisual entertainment market.
More about Liberty Media Liberty Formula One
Liberty Media Corporation is a Delaware-based company primarily engaged in the media and entertainment industry. It focuses on acquiring and managing media and entertainment assets, including interests in sports events and related content.
YTD Price Performance: 44.27%
Average Trading Volume: 116,615
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $28.8B
See more insights into FWONA stock on TipRanks’ Stock Analysis page.
