Mercedes driver Lewis Hamilton of Britain, followed by teammate Nico Rosberg of Germany, leaves the pit lane during the first free practice at the Yas Marina racetrack in Abu Dhabi, United Arab Emirates, Friday, Nov. 25, 2016. (AP Photo/Luca Bruno)
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Liberty Media's Formula One takeover cleared another key hurdle Wednesday with the sport's governing body unanimously approving the deal.The Liberty deal, which needs the approval of the FIA and European antitrust regulators, has been valued at $8 billion and represents a major shake-up in the sport.The FIA said Liberty Media representatives made a detailed presentation of their strategy to the council.The FIA holds a 1 percent stake in Delta Topco, Formula One's holding company that owns the commercial rights.
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