New York (United States), 23 April (LaPresse/AP) – The vast majority of Warner Bros. Discovery shareholders have voted in favour of the proposal to sell the company to Paramount, a subsidiary of Skydance, for $81 billion ($31 per share), as part of a deal which – once completed – could radically reshape Hollywood and the wider media landscape. The Paramount bid is aimed at acquiring the whole of Warner: this means that HBO Max, cult franchises such as ‘Harry Potter’ and CNN could soon find themselves under the same roof as CBS, ‘Top Gun’ and the Paramount+ streaming service, already owned by Paramount. The Paramount-Warner merger will face numerous reviews by regulatory authorities, including the US Department of Justice. Warner has stated that it expects the deal to be finalised by the third fiscal quarter.
Warner Bros: Shareholders approve Paramount’s bid
New York (United States), 23 April (LaPresse/AP) – The vast majority of Warner Bros. Discovery shareholders have voted in favour of the proposal to sell the company to Paramount, a subsidiary of Skydance, for $81 billion ($31 per share), as part of a deal which – once completed – could radically reshape Hollywood and the wider media landscape. The Paramount bid is aimed at acquiring the whole of Warner: this means that HBO Max, cult franchises such as ‘Harry Potter’ and CNN could soon find themselves under the same roof as CBS, ‘Top Gun’ and the Paramount+ streaming service, already owned by Paramount. The Paramount-Warner merger will face numerous reviews by regulatory authorities, including the US Department of Justice. Warner has stated that it expects the deal to be finalised by the third fiscal quarter.
