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XM shareholders approve Sirius merger

Tue Nov 13, 2007 3:35pm EST

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WASHINGTON, Nov 13 (Reuters) - XM Satellite Radio Holdings Inc XMSR.O said on Tuesday its shareholders voted to approve a merger with rival Sirius Satellite Radio Inc (SIRI.O).

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The vote by shareholders of XM, home to programming such as Oprah Winfrey and Major League Baseball, came after Sirius shareholders agreed earlier on Tuesday to issue more stock to help pay for the deal.

The companies expect the deal, which has been challenged by terrestrial radio broadcasters as anti-competitive, to be completed this year. It must win approval from the U.S. Department of Justice and the Federal Communications Commission. (Reporting by Diane Bartz and Franklin Paul, editing by Leslie Gevirtz)

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