iVillage Shareholders Approve NBC Buyout

It is done… iVillage stockholders have approved a $600 million takeover bid from NBC Universal. The merger was approved by 74% of the shares outstanding and 97% of the shares voting. The closing of the acquisition is expected to take place on May 15, 2006.
Not that it was in doubt, but the Hearst factor could have complicated things, as they did during the bidding process.

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