Sirius XM closes Pandora acquisition

• With a Tuesday shareholder approval in hand, Sirius XM (NASDAQ:SIRI) has completed its acquisition of Pandora Media (P).
• That creates the world's largest audio entertainment company, Sirius XM says, and brings together its subscription offering with Pandora's personalized free ad-supported service.
• Shares of Pandora are no longer trading on NYSE, and each one not already owned by Sirius XM will be exchanged for 1.44 newly issued shares of Sirius XM.
• SIRI is up 1.1% premarket.