Warner Bros shareholders approve Paramount's $81 billion takeover of the Hollywood giant

NEW YORK (AP) — An $81 billion Warner-Paramount mega merger has received shareholders’ stamp of approval, propelling a deal that could vastly reshape Hollywood and the wider media landscape closer to the finish line. Per a preliminary vote count on Thursday, the overwhleming majority of Warner Bros. Discovery shareholders voted in support of selling the entire business to Paramount for $31 a share. Including debt, the deal is valued at nearly $111 billion. Skydance-owned Paramount wants to buy all of Warner. That means HBO Max, cult-favorite titles like “Harry Potter” and even CNN could soon find themselves under the same roof with CBS, “Top Gun” and the Paramount+ streaming service.

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