Attention now turns to regulatory authorities, with both Washington and London expected to examine the merger’s impact on competition.
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Warner Bros Discovery shareholders have backed the company’s proposed $110bn merger with Paramount Skydance, but cast an advisory vote against executive compensation plans tied to the deal.
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 $111bn.
