Formula One's U.S.-based owner Liberty Media have announced a takeover of MotoGP's parent company Dorna, valuing the world's leading motorcycle racing championship at 4.2 billion euros ($4.53 billion), MotoGP said in a statement on Monday.

Dorna will stay an independently run company attributed to Liberty Media's Formula One Group tracking stock and continue to be based in Madrid, with long-serving Dorna CEO Carmelo Ezpeleta remaining in his position, the statement added.