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.

Formula 1 commercial rights owner, Liberty Media, can finally complete its acquisition of the MotoGP motorcycling world championship after receiving unconditional approval from the European Union’s European Commission executive arm.

MotoGP promoter Dorna is being snapped up by Formula 1 owner Liberty Media in a deal worth around $4.2 billion