The European Commission has granted an unconditional approval to Liberty Media Corporation for the purchase of MotoGP rights owner Dorna Sports for a reported $4.4 billion. Popular for owning Formula One,

Liberty Media’s made a successful business of racing on four wheels. Now, it’s time for two wheels.Formula 1 owner Liberty Media is finally set to complete a deal to take control of motorcycle racing series MotoGP after receiving approval from the European Commission.

Formula 1 commercial rights owner, Liberty Media, can finally complete its acquisition of the MotoGP motorcycling world championship after receiving unconditional approval from the European Union’s European Commission executive arm.