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October 11, 2006

Loudeye shareholders approve merger

Posted by Kim Peterson at 12:52 PM

Class-action lawsuits be damned: Loudeye shareholders met today and approved the company's acquisition by Nokia. About 58 percent of shareholders were present in person or by proxy, and here's how the vote went down:

For: 52 percent of shareholders (90.6 percent of votes cast)
Against: 5 percent of shareholders (7.8 percent of votes cast)
Abstain: 1 percent of shareholders (1.6 percent of votes cast)

The official closing of the deal could take place by Monday, Loudeye said in a regulatory filing.

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