Liberty Media stockholders have approved the next stage of the corporation's takeover of Formula 1 following a special meeting.Having agreed to purchase a majority shareholding in F1 in September 2016, valuing the sport at $8 billion, Liberty has been progressing with the deal on a number of fronts, including securing...

Liberty Media reports that it has cleared another hurdle in the process of its takeover of a majority shareholding in Formula 1.Colorado-based Liberty Media announced earlier this week that it it had raised $1.55 billion from investors to purchase the majority of shares from CVC Capital Partners. However, the deal...