Audi Makes Ducati Purchase Official

Confirming earlier reports, Audi officially announced today that it has sealed a deal to acquire Italian sports motorcycle manufacture Ducati. The German company said that the transaction will be completed "as quickly as possible" once authorized by the competition authorities.

The brand with the four-rings did not say how much it cost to buy Ducati from its previous owner Investindustrial SpA, though sources stated on Tuesday that the Germans paid approximately €860 million or US$1.13 billion.

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