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Liberty Media Corporation

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A media company that owns the exclusive commercial rights to two of the world's most-watched motorsport championships: Formula 1 and MotoGP. F1 races on 24 circuits across 21 countries, while MotoGP runs 22 events, with both series earning money from race promotion, media rights, and sponsorship. Founded in 1991 by the legendary "Cable Cowboy" John Malone as a spinoff from cable giant TCI, the company bought Formula 1 in 2016 and later retired the iconic "Dorna" name after acquiring MotoGP's rights in 2025.

3.75% convertible senior notes due 2028, private placement