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Owner of Formula One (F1), Liberty Media (FWONK), wants to grow its presence in motorsports and lend the MotoGP World Championship’s ownership rights.

Liberty said that it will buy Dorna Sports from the Canada Pension Plan Investment Board and the private equity firm Bridgepoint for 4.2 billion euros, or $4.5 billion. Liberty now owns an 86% share in MotoGP, with the management company holding a 14% stake.
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This year, there will be 21 MotoGP races spread across 17 countries. The sport of motor racing began in 1949. MotoGP’s business “has significant upside, and we intend to grow the sport for MotoGP fans, teams, commercial partners, and our shareholders,” according to Liberty CEO Greg Maffei.

Liberty Media is owned by Warren Buffett’s Berkshire Hathaway (BRK.A), which as of the end of 2023 had more than 7 million Series C Formula One shares in the company, according to its most recent 13F filing.
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As of Monday at noon ET, Liberty Media’s Series C Formula One shares were down 0.9% at $65.00. In 2024, they have gained by roughly 4.3% thus far.