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Warner Bros. Discovery shareholders approved a $110 billion merger with Paramount, advancing one of the largest media consolidation deals in recent years.
Paramount completes a $110 billion acquisition of Warner Bros., creating a major global media powerhouse.
Warner Bros. Discovery is expected to reject Paramount’s takeover proposal as early as Wednesday, reinforcing its preference for a standalone strategy.
Paramount has launched a hostile $30-per-share bid for Warner Bros. Discovery, surpassing Netflix’s offer as shareholders – not management – prepare to decide the future of the studio.
Paramount may take its Warner Bros. bid straight to shareholders, speeding the deal and bypassing traditional negotiations.