Liberty Media shareholders will vote on whether or not the media company should proceed with its proposed Formula 1 takeover next month.
The US company has already acquired an 18.7 per cent stake in the sport from CVC Capital Partners, but hopes to increase that to a majority holding next year.
The process however requires majority support from Liberty Media's shareholders and the matter will go to a vote on January 17.
"Holders will be asked to vote on proposals relating to Liberty's issuance of shares of its Series C Liberty Media common stock in connection with the proposed acquisition of Formula 1 and the renaming of the Liberty Media Group and the Liberty Media common stock to the Formula One Group and the Liberty Formula One common stock, respectively, following the proposed acquisition of Formula 1 by Liberty."
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