SINGAPORE - SEPTEMBER 18: Daniel Ricciardo of Australia driving the (3) Red Bull Racing Red Bull-TAG Heuer RB12 TAG Heuer leads Lewis Hamilton of Great Britain driving the (44) Mercedes AMG Petronas F1 Team Mercedes F1 WO7 Mercedes PU106C Hybrid turbo Kimi Raikkonen of Finland driving the (7) Scuderia Ferrari SF16-H Ferrari 059/5 turbo (Shell GP) and others at the start during the Formula One Grand Prix of Singapore at Marina Bay Street Circuit on September 18, 2016 in Singapore. (Photo by Mark Thompson/Getty Images)

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.