US EditionWarner Bros Shareholders Approve Paramount's $81B Takeover of Hollywood Giant
The merger would combine HBO Max, Paramount+, CBS and CNN as regulators in the U.S. and Europe continue reviewing the deal.
- On Thursday, Warner Bros. Discovery shareholders approved the $81 billion sale to Skydance-owned Paramount, with the deal valued at nearly $111 billion including debt.
- Warner previously rebuffed Paramount's overtures, preferring a $72 billion studio and streaming deal with Netflix until Paramount launched a hostile bid that forced Netflix to withdraw.
- Thousands of professionals voiced "unequivocal opposition" to the deal, while Democratic Sen. Cory Booker held a "spotlight" hearing in Washington last week, warning of the "concentration and consolidation of cultural power."
- Paramount shares fell nearly 6% following the vote as the U.S. Justice Department and California Attorney General Rob Bonta began investigating the transaction for antitrust concerns.
- Executives anticipate closing the deal in the coming months, though regulatory reviews remain pending; layoffs and downsizing of overlapping operations are expected during integration.
35 Articles
35 Articles
Shareholders approve $81B merger | Northwest Arkansas Democrat-Gazette
NEW YORK -- 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.
Paramount Takes the Lead with Mega-Merger: New Era for Hollywood and Media
Paramount Takes the Lead with Mega-Merger: New Era for Hollywood and Media In a landmark move, Warner Bros. Discovery shareholders have greenlighted an $81 billion sale to Paramount. This merger, pending regulatory review, promises to alter Hollywood's power dynamics significantly.The acquisition would position Paramount as a dominant force, uniting Warner's streaming platforms like HBO Max with Paramount's own services. Critics, however, voice …
Warner Bros shareholders OK Paramount's $81B takeover
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. On Thursday, Warner Bros. Discovery said the overwhelming majority of…
Paramount's $81 billion Warner Bros mega merger moves closer to becoming a reality as shareholders approve deal
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.
InsideNoVA.com
Warner Bros. Approves Paramount Takeover — Will Your Streaming Costs Rise?
The deal isn’t done yet, but the proposed merger between Paramount and Warner Bros. Discovery just cleared a major hurdle — raising fresh questions about competition, what gets made and the costs to consumers.On Thursday, Warner Bros. Discovery shareholders voted…
Warner Bros shareholders approve Paramount's $81 billion takeover of Hollywood giant
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.
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