Add Axios as your preferred source to
see more of our stories on Google.
Warner Bros. Discovery shareholders on Thursday voted "overwhelmingly" in favor of the merger with Paramount Skydance, clearing a critical hurdle.
Why it matters: The executive compensation package would have seen CEO David Zaslav earning at least $500 million.
Zoom in: More than 1.4 billion votes were cast against the compensation proposal, versus the 307.7 million in favor. Each share of WBD common stock is entitled to one vote.
