Warner Bros shareholders to vote on Paramount's $81 bil. takeover of the Hollywood giant

NEW YORK — Warner Bros. Discovery shareholders are set to vote Thursday on the company's proposed $81 billion sale to Skydance-owned Paramount, in a mega merger that could vastly reshape Hollywood and the wider media landscape. Paramount wants to buy all of Warner. That means HBO Max, cult-favorite titles like “Harry Potter” and CNN could soon find themselves under the same roof as Paramount’s CBS, “Top Gun” and the Paramount+ streaming service. And a greenlight from shareholders would bring the acquisition closer to the finish line. Shareholders are expected to meet at 10 a.m. ET to vote on the deal, which is valued at nearly $111 billion, including debt, based on Warner's current outstanding shares. Even if approved, a Paramount-Warner combo would still face ongoing regulatory reviews, including from the U.S. Department of Justice. Warner has said it expects to close the deal sometime in the third fiscal quarter. Paramount’s quest for Warner has been far from smooth sailing. And while Warner's board now endorses the Paramount merger, it wasn’t always eager to enter this

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