Warner Bros shareholders approve USD 81 billion sale to Paramount – What we know
An $81 billion mega merger between Warner Bros Discovery and Paramount Global has moved closer to completion after shareholders gave approval to the deal. A preliminary vote count on Thursday showed that a large majority of Warner shareholders backed the sale of the company at $31 per share. When debt is included, the total value of the deal rises to nearly $111 billion, reported Associated Press.
The acquisition plan comes from Skydance-backed Paramount, which wants full control of Warner’s vast entertainment empire. If the deal goes through, major assets such as HBO Max, Harry Potter, and CNN would sit alongside Paramount’s CBS, Top Gun, and Paramount+.
