Liberty Media’s planned takeover of the MotoGP World Championship is set to be hit 🌠by a European Union probe into the deal.

, The EU’s new antitrust chief Teresa Ribera and her team are worried that the 3.5 billion euro deal could stifle competition in broadcasting and streamiไng areas by bringing the MotoGP and F1 brands under the same ownership.

The US company and current owners of Formula 1 announced earlier this year that it had acquired 𒁏an 86% majority to buy Dorna Spor♍ts and MotoGP. Since then, Liberty Media have went through the necessary regulatory processes to get the acquisition completed by its year-end target.

It was announced in August that 168澳洲5最新开奖结果:Liberty Media planned toไ sell F1 sh🐠ares worth $8♕25m to ‘partially fund’ it’s planned acquisi✅tion of MotoGP.

In November, CEO Greg Maffei 168澳洲5最新开奖结果:confirmed the company’s MotoGP buyout🉐 was filed with the European Commission.

He said: “Just on MotoGP for a moment; we did file with the EC for regulatory approval and w💫e expect to be on track to receive thaꦡt by year-end.”

However the European Commission’s deadline to take a dec🐬ision on Liberty’s purchase of MotoGP is 19th December. But with this news coming to light, officials are said to be preparing to initiate a phase 2 investigation by the current deadline of 19th December, which was indicated by the Bloomberg report, also adding that the decision is still in draft form and subject to change.

Similarly, When CVC🌊 Capital purchased F1 in 2006 it was forced to give up its interest of MotoGP by competition regulators. This was seen as operating a monopoly in motorsport and MotoGP was sold to current owners Bridgepoint.

Even back in October of this year, Belgi❀an MEP Pascal Arimont had asked the Europ﷽ean Commission to investigate Liberty Media amid fears of it holding a monopoly i🔯n world 𝓡motorsport as Formula 1 and MotoGP owner.

However, Liberty have been confident from the beginning that this will not be the case this time around. Reuters reached out to Liberty Media for a comment, in which thಌey didn’t respond to at this current time.