US EditionWarner Bros. Discovery shareholders approve Paramount Skydance merger
Shareholders backed the $31-a-share sale to Paramount, but rejected a pay package for David Zaslav that could have exceeded $800 million.
- On Thursday, Warner Bros. Discovery shareholders voted overwhelmingly to approve the company's sale to Paramount Skydance, valuing the transaction at nearly $111 billion including debt.
- Paramount prevailed in a months-long bidding battle after offering $31 per share in cash, surpassing Netflix's rejected $72 billion proposal and prompting the board to endorse the bid.
- More than 4,000 industry figures voiced "unequivocal opposition" to the merger, citing mass layoffs and reduced creative choices; shareholders separately rejected CEO David Zaslav's non-binding compensation package.
- The deal faces ongoing antitrust reviews by the U.S. Department of Justice, European, and U.K. authorities; it includes a "ticking fee" that increases the price if not finalized by September 30.
- Critics, including Democratic Senator Cory Booker, warn of concentrated cultural power, while California Attorney General Rob Bonta investigates potential antitrust violations as the merger positions Paramount to control CNN and HBO.
335 Articles
335 Articles
Dnevni list Danas
nin.rsThe endorsement comes as it was announced that Donald Trump will attend the dinner alongside billionaire Larry Ellis, who is behind Paramount.
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 …
Shareholders greenlight AU$156B Paramount-Warner merger
The biggest media merger since the disastrous US$165 billion AOL-Time Warner deal in 2000 just cleared its first major hurdle, but the corporate drama is only accelerating. Warner Bros. Discovery shareholders overwhelmingly approved Paramount Skydance’s AU$156 billion (US$111 billion) takeover bid during a special virtual meeting on Thursday. According to reports, investors happily took the cash but delivered a spectacular rebuke to outgoing lea…
Coverage Details
Bias Distribution
- 53% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
