"Liberty Media Corporation has announced an agreement to acquire MotoGP. MotoGP is the pinnacle of two wheels," read a statement issued by MotoGP. "Liberty Media will acquire approximately 86 percent of Dorna, with Dorna management retaining approximately 14 percent of their equity in the business. The transaction reflects an enterprise value for Dorna/MotoGP of EUR4.2bn and an equity value of EUR3.5bn, with MotoGP's existing debt balance expected to remain in place after close." Liberty were not the only company interested in acquiring Dorna. However, it was Liberty who emerged the winners. "We are thrilled to expand our portfolio of leading live sports and entertainment assets with the acquisition of MotoGP," said Greg Maffei, Liberty Media President and CEO. "MotoGP is a global league with a loyal, enthusiastic fan base, captivating racing and a highly cash flow generative financial profile.