F1 owner working with EU after probe into $5b MotoGP deal
The Straits Times|December 13, 2024
Formula One owner Liberty Media's US$3.8 billion (S$5.1 billion) plan to buy motorcycle racing league MotoGP World Championship is set to be hit by an in-depth European Union probe, in the first escalation of a big merger case by new antitrust chief Teresa Ribera.

MADRID -

The Spaniard's team is concerned the tie-up could hamper competition in broadcasting and streaming markets by drawing two giant motor racing brands under one banner, according to people familiar with the EU probe who spoke on condition of anonymity. Officials are now readying a decision to start a so-called Phase 2 probe by the deadline of Dec 19, they said, adding that the European Commission's step was still in draft form and could still change.

A Liberty Media spokesperson said that the company is continuing to "work constructively" with EU regulators as part of the review and that it hopes they "will understand the dynamic nature of the market".

The Brussels-based commission declined to comment.

Denne historien er fra December 13, 2024-utgaven av The Straits Times.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra December 13, 2024-utgaven av The Straits Times.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA THE STRAITS TIMESSe alt
Jay-Z will seek dismissal of sexual assault lawsuit his lawyer calls a 'sham'
The Straits Times

Jay-Z will seek dismissal of sexual assault lawsuit his lawyer calls a 'sham'

Lawyers for Jay-Z (right) plan to ask a judge to toss a lawsuit accusing the American rapper of raping a 13-year-old in 2000, pointing to what they described as \"glaring inconsistencies\" that emerged in an NBC interview of the accuser, who was not named in the suit.

time-read
1 min  |
December 18, 2024
Comedian Jimmy O. Yang finds people who look more like him than himself in lookalike contest
The Straits Times

Comedian Jimmy O. Yang finds people who look more like him than himself in lookalike contest

It looks like there are Asians out there who look more like Jimmy O. Yang than the man himself, said the Hong Kong-born American actor and stand-up comedian.

time-read
1 min  |
December 18, 2024
Brazil judge orders Adele song to be pulled globally
The Straits Times

Brazil judge orders Adele song to be pulled globally

A Brazilian judge has ordered a song by British pop superstar Adele (left), Million Years Ago (2015), to be pulled worldwide - including on streaming services - over an ongoing plagiarism claim by a Brazilian composer.

time-read
1 min  |
December 18, 2024
Local musician-TikToker first from Asia to be nominated
The Straits Times

Local musician-TikToker first from Asia to be nominated

Drumeo Awards: TikTok Drummer of the Year category

time-read
2 mins  |
December 18, 2024
Malcolm In The Middle is getting a four-episode revival on Disney+
The Straits Times

Malcolm In The Middle is getting a four-episode revival on Disney+

NEW YORK - One of America's wackiest families is making a comeback.

time-read
2 mins  |
December 18, 2024
Pedro Almodovar is not lost in translation
The Straits Times

Pedro Almodovar is not lost in translation

Working in English and directing Hollywood stars can be difficult for European directors. But the Spanish director's The Room Next Door is an exception

time-read
4 mins  |
December 18, 2024
Lessons from a dog attack
The Straits Times

Lessons from a dog attack

Viewpoint Canines may bite and scratch when excited or caught by surprise

time-read
4 mins  |
December 18, 2024
Could dark chocolate reduce risk of diabetes?
The Straits Times

Could dark chocolate reduce risk of diabetes?

If you have long assumed that you must deprive yourself of delicious foods to be healthy, a new study in medical journal The BMJ offers encouraging news: Eating dark chocolate has been associated with a reduced risk of developing Type 2 diabetes.

time-read
3 mins  |
December 18, 2024
BAD BACK
The Straits Times

BAD BACK

More teens and young adults hit with degenerative disc disease

time-read
6 mins  |
December 18, 2024
Diplomacy ● Remark about chai in poor taste
The Straits Times

Diplomacy ● Remark about chai in poor taste

I refer to the article \"No shortage of chai for Singapore's envoy in India after 'tasteless' brew post goes viral\" (Dec 16).

time-read
1 min  |
December 18, 2024