Vivendi Completes Purchase of MP3.com
Staff and Wire Reports
Vivendi Universal said it has completed the acquisition of San Diego-based MP3.com Inc. in a combined cash and stock transaction.
MP3.com stockholders voted in favor of the merger transaction at a special meeting of stockholders held Monday. MP3.com was delisted from Nasdaq effective before opening for trading Tuesday. More than 68% of the more than 69 million shares outstanding were voted. Of those voting, more than 99% voted in favor of the merger.
The corporate offices of MP3.com will continue to be based in San Diego.
