Warner Bros shareholders approve Paramount’s takeover

What Happened

Warner Bros Discovery shareholders approved the company's $110 billion merger with Paramount Skydance on Thursday, voting to sell the entire business at $31 per share. The deal, valued at $111 billion including debt, combines HBO Max, CNN, and Harry Potter with CBS and Paramount+. However, shareholders cast an advisory vote against executive compensation packages worth up to $887 million for CEO David Zaslav. Regulatory authorities in Washington and London will now review competitive implications.

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