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Liberty Media acquires Dorna Sports, S.L., the exclusive commercial rights holder to the MotoGP™ World Championship

2 April 2024 – Liberty Media Corporation (Nasdaq: FWONA, FWONK) announced on 1 April 2024 that it has entered into an agreement to acquire Dorna Sports, S.L., the exclusive commercial rights holder to the MotoGP™ World Championship, from Bridgepoint and Canada Pension Plan Investment Board. The transaction is expected to be completed by year-end 2024, subject to the receipt of clearances and approvals by competition and foreign investment law authorities in various jurisdictions. Liberty Media will acquire approximately 86% of MotoGP with MotoGP management retaining approximately 14% of their equity in the business.

Walder Wyss AG acted as Swiss legal counsel to Liberty Media and its global legal advisor O’Melveny. The team has been led by Urs P. Gnos (Partner, Corporate/M&A) and Michael Kündig (Managing Associate, Corporate/M&A) and included Benjamin Reis (Associate, Corporate/M&A), Michael Kissling (Senior Associate, Corporate/M&A), Alexander Sorton (Senior Associate, Corporate/M&A), Béatrice Viertl Bujard (Counsel, Banking and Finance and Corporate/M&A), Angela Kummer (Senior Associate, Corporate/M&A), Martina Madonna-Quadri (Senior Associate, Corporate/M&A), Erik Lanz (Associate, Corporate/M&A), Ken Savioz (Associate, Banking and Finance) and Luca Belloni (Associate, Corporate/M&A).

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