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Liberty Media’s takeover of Dorna Sports cleared by Brazil’s CADE

By Flavia Fortes ( June 14, 2024, 15:26 GMT | Insight) -- Liberty Media’s proposed acquisition of Dorna Sports, the exclusive commercial rights holder to the MotoGP, has received antitrust approval from the competition authority in Brazil. The Administrative Council for Economic Defense, or CADE, cleared the deal unconditionally after finding the merged entity would hold low market shares in two markets for licensing of broadcasting rights for sporting events — a broader market of all live events, and another narrower market that doesn't include soccer.Liberty Media’s proposed acquisition of Dorna Sports, the exclusive commercial rights holder to the MotoGP, has received antitrust approval from the competition authority in Brazil....

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