LLYVA News & Events

Liberty Media announced that, effective January 1, 2026, long-standing Chairman of the Board, John Malone, will step down from the board of directors and transition to the role of Chairman Emeritus of Liberty Media. Vice Chairman Robert Bennett will assume the role of Chairman of the Board. Following Dr. Malone's resignation, the Board will be composed of 8 directors effective January 1, 2026, 5 of whom will be independent. The Executive Committee of the Board will be comprised of Dob Bennett, Derek Chang and Chase Carey.

Liberty Media (FWONA, FWONK, LLYVA, LLYVK) said it received unconditional approval from the European Commission to complete its acquisition of Dorna Sports. Receipt of the European Commission's approval is the final condition to the transaction, which is now expected to close no later than July 3, the company said in a statement. "This acquisition enables Liberty Media to accelerate MotoGP's international appeal and bring captivating racing to a wider global audience," it added. Liberty Media will acquire 84% of Dorna with Dorna management retaining 16% of the business. The transaction reflects an enterprise value for Dorna of EUR 4.3B and an equity value of EUR 3.7B with the existing debt balance at Dorna expected to remain in place after closing.

Liberty Media Corporation announced that Derek Chang has been appointed President and Chief Executive Officer. Chang is a veteran executive across the global media, sports and entertainment industries. He has led operating, corporate development and investment teams at prominent companies during various stages of growth including EverPass Media, the NBA, DIRECTV, Scripps, Charter and TCI. Chang has been a director of Liberty Media since March 2021, providing a deep understanding of Liberty's operating businesses and corporate history. "I am thrilled to welcome Derek as the CEO of Liberty Media. His expertise in both operating and investment roles, extensive understanding of our industries and familiarity with Liberty make him the ideal leader for Liberty's next chapter," said John Malone, Liberty Media Chairman. "Personally, I have worked with Derek for over 25 years and am consistently impressed by his leadership style, breadth of expertise and global perspective. I look forward to supporting him and the Liberty management team as they continue to drive shareholder value."