The European Commission on Monday approved Liberty Media's (NASDAQ:FWONA) (NASDAQ:FWONK) €4.3B transaction to acquire the controlling stake in Dorna Sports, the exclusive rights holder of MotoGP. The nod by the EU regulator was Formula One owner's last hurdle,

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.

The deal values Dorna at €4.3 billion and gives Liberty Media an 84% ownership stake, with the Dorna management team—led by long-standing CEO Carmelo Ezpeleta—retaining the remaining 16%.