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The owner of Formula One (F1) motor racing will unveil a £3.5bn takeover of MotoGP’s parent company early this week. Sky News has learnt that Greg Maffei, the president and chief executive of Liberty Media Corporation, is expected to announce the motorsport industry's most significant corporate deal for years during a trip to Madrid as early as Monday. The deal has been on the cards for weeks, with Sky News revealing earlier this month that Liberty was in talks to buy Dorna Sports for €4bn.