Liberty Media to acquire an 86% stake in MotoGP from Bridgepoint and Canada Pension Plan Investment Board for €3.7bn.

Liberty Media, an American mass media company, 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 €3.7bn ($4bn). “Today’s approval from the European Commission marks the final condition to closing Liberty’s acquisition of MotoGP. We are thrilled to officially commence Liberty’s partnership with Carmelo and his excellent management team. MotoGP is a highly attractive premium sports asset with incredible racing, a passionate fanbase and a strong cash flow profile. We believe the sport and brand have significant growth potential, which we will look to realize through deepening the connection with the core fan base and expanding to a wider global audience," Derek Chang, Liberty Media President and CEO.