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

The Indian Express·AP·about 1 month ago
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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 overwhelming majority of Warner Bros. Discovery shareholders voted in support of selling the entire business to Paramount for $31 a share, the company said. 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. A greenlight from company shareholders increases the likelihood of that becoming a reality. But it’s not a done deal quite yet. The acquisition still faces ongoing regulatory reviews.…

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