Formula 1 owner Liberty Media is finally set to complete a deal to take control of motorcycle racing series MotoGP after receiving approval from the European Commission. Liberty Media said Monday the “unconditional” approval was the last step in completing the deal to buy 84% of Spain-based MotoGP rights holder Dorna Sports.

The acquisition of MotoGP by Liberty Media, the American group that owns Formula One, received the green light from The European Commission on Monday.On Monday the Commission said it was satisfied that,

Formula One owner Liberty Media received unconditional clearance from EU regulators for its roughly 4 billion euros ($4.60 billion) acquisition of Dorna Sports, which owns MotoGP, the European Commission said on Monday.