A special shareholder meeting of US-based Liberty Media has given the green light to funding and renaming its company, Formula 1 Group.
Liberty is closing on the finishing line of the colossal pitch after announcing last September that it would purchase the sport for around $10.4 billion.
It is now only subject to approval from the FIA, the governing body of Formula 1.
The final part of the acquisition is expected in the first quarter of 2017.
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