Liberty Media Claims Approval for F1 Takeover

US mass media company Liberty Media has claimed to have received clearance that will enable their takeover of the Formula One motor racing Championship.

Liberty Media declared in a recent statement that all required approvals from anti-trust authorities have been granted, medicine allowing for their takeover to proceed.

Several approval processes are still yet to be completed for the $1.55bn move, bronchi which was initially provisionally announced in September. The takeover is expected to be resolved by March.