Liberty Media Statement on European Commission Phase II Investigation
businesses. The company is split into two tracking stock groups: the Formula One Group and the Liberty Live Group. The Formula One Group includes assets such as Formula 1 and Quint, along with other investments. On the other hand, the Liberty Live Group consists of investments in Live Nation and other ventures.
Looking towards the future, Liberty Media is excited about the potential benefits of acquiring MotoGP. They believe this move will not only boost MotoGP’s business but also benefit fans, viewers, and the motorcycle industry at large. With a rapidly expanding market for audiovisual entertainment, beyond just sports, Liberty Media sees this acquisition as a strategic move to help MotoGP thrive in this competitive landscape.
The process isn’t without its hurdles, though. The European Commission has initiated a Phase II investigation into the acquisition, leading Liberty Media to extend the longstop date to June 30, 2025. Despite the additional scrutiny, Liberty Media remains optimistic that the European Commission will ultimately approve the transaction.
In conclusion, Liberty Media is committed to working closely with regulatory bodies and stakeholders to ensure a smooth transition. They acknowledge the risks involved in such ventures but are determined to overcome any challenges that may arise. For more information on Liberty Media and its ongoing projects, refer to their publicly filed documents for additional insights into their business operations and associated risks.
