Formula OneNASDAQ: FWONA

Formula One (F1) owner Liberty Media (FWONK) is expanding its reach into motorsports by purchasing Dorna Sports, the owner of the rights to the MotoGP World Championship.

Greg Maffei, Liberty Media president and CEO, joins 'Squawk on the Street' to discuss the playbook for MotoGP, the price Liberty Media paid for the racing company, and if this is transaction will be accretive to shareholders.

Formula One's U.S.-based owner Liberty Media is expected to announce a takeover of MotoGP's parent company within days and for more than 4 billion euros ($4.32 billion), Sky News reported on Sunday.

Formula One Group (FWONK) stock is nearing its all-time high as the new season starts in Bahrain this week. It jumped by over 4% on Thursday as it closed at $72.76, the highest point since August 27th.

Here is how Liberty Media Corporation - Liberty Formula One Series A (FWONA) and AMMO, Inc. (POWW) have performed compared to their sector so far this year.

Reiterating a buy rating for FWONK based on a positive outlook for adjusted OIBDA growth driven by top line growth and operating leverage. 3Q23 Adjusted OIBDA beat expectations, driven by healthy performance in main revenue drivers. I expect the Vegas Grand Prix to generate strong revenue and create new revenue streams, but higher year-one operating expenses have impacted valuation.

A more predictable balance sheet makes it easier to bring new sponsors on board.

Liberty Media chairman and "cable cowboy" John Malone weighed in on the state of streaming in an interview with CNBC's David Faber.

Liberty Media CEO Greg Maffei joins 'Squawk on the Street' to discuss the company's investor day, the company's ownership stake in Formula 1, Atlanta Braves, media acquisitions, TV rights, and more.