Formula One Deal Wins Approval

The private equity firm CVC gets a green light to takeover F1 -- but must first sell Dorna, promoter of the MotoGP series

Private equity firm CVC has been given approval by the European Commission to acquire F1's commercial holding company SLEC on the condition that CVC sells its Spanish subsidiary Dorna, the promoter of the MotoGP series. The condition is due to a Commission Competition Directorate investigation, which concluded CVC would have too much market power if it kept control of both F1 and MotoGP.

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