Four Media Co. shareholders approved Friday the company’s $325.8 million sale to John Malone’s Liberty Media Group, a cable programming subsid of AT&T. Sale is expected to close today.
Liberty made the bid to buy 4MC in November. The Burbank, Calif.-based company provides post-production services, including the development of negatives as well as film duplication and restoration, for the film and TV markets.
Shares of 4MC rose 25¢ to close at $15.63. Liberty was down 63¢ to close at $57.