Liberty Media, an American mass media company, agreed to acquire an 86% stake in MotoGP, the commercial rights' holder for the motorcycling sport of Grand Prix racing, from Bridgepoint, a pan-European private equity investor, and Canada Pension Plan Investment Board, a global investment management organization, for €3.6bn. "We are thrilled to expand our portfolio of leading live sports and entertainment assets with the acquisition of MotoGP. MotoGP is a global league with a loyal, enthusiastic fan base, captivating racing and a highly cash flow generative financial profile. Carmelo and his management team have built a great sporting spectacle that we can expand to a wider global audience. The business has significant upside, and we intend to grow the sport for MotoGP fans, teams, commercial partners and our shareholders," Greg Maffei, Liberty Media President and CEO.