F1 Owner Liberty Media Buys MotoGP Rightsholder Dorna Sports in $4.5 Billion Deal

Key TakeawaysFormula One (F1) owner Liberty Media is expanding its investment in motorsports by purchasing Dorna Sports, the owner of the rights to the MotoGP World Championship.The entertainment and media company said it is paying $4.5 billion for the motorcycle racing franchise from private equity firm Bridgepoint and the Canada Pension Plan Investment Board.Warren Buffett's Berkshire Hathaway holds a stake in Liberty Media, with its latest 13F filing showing it held over 7 million of Liberty Media's Seri ...