Liberty to vote on F1 buyout in January

John Malone

(GMM) F1's acquisition by Liberty Media will speed ahead early next year.

Currently, the company headed by US media tycoon John Malone has started to take over the commercial rights from CVC, but the deal is far from complete.

"I think it is too early to talk about how it (F1) will be with new owners taking charge," F1 supremo Bernie Ecclestone said this week.

Now, Liberty has announced that its shareholders will get together in mid January to "vote on proposals" about the "proposed acquisition" of F1 and the renaming of the company to Formula One Group.