Liberty Media Corporation has announced that it has received all required approvals from all appropriate anti-trust authorities in connection with its pending acquisition of Formula One.

Closing of the Acquisition remains conditioned upon approval by Liberty Media's stockholders of the issuance of LMCK shares in connection with the Acquisition at a special meeting scheduled for January 17, 2017 as well as approval from the Fédération Internationale de l'Automobile, (FIA) the governing body of Formula One.

The acquisition is still expected to close before the end of the first quarter in 2017.