Last April, Audi confirmed that it would be buying Ducati for its small engine technology, and that deal has been finalized today, making it official.
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Audi officially announced its purchase of Italian superbike manufacturer Ducati today, though information about the $1.12 billion deal broke yesterday.
Small engine technology that lends Ducati bikes their sport-loving spirit seems to be at the key of what the automaker is excited to acquire. Speculations lit afire when news originally surfaced that the German marque might make the acquisition. Among the ideas people guessed might be at the heart of the deal, it seemed such a move might let the brand compete with BMW on all levels.