Live Nation and Ticketmaster Entertainment shareholders have overwhelmingly approved the proposed merger of the two companies, according to separate news releases from the live entertainment giants.

The $2.5 billion deal, which was announced last year, still awaits final approval by the U.S. Justice Department. Last month, the U.K.'s Competition Commission cleared the proposed merger.

Live Nation said today (Jan. 8) in a news release that more than 99% of its shares were voted in favor of the merger. Similarly, Ticketmaster said that more than 98% of its shares voted in favor of the deal.