Warner Bros. Discovery shareholders have cleared the way for CNN, HBO and Warner’s other media brands to join Paramount Skydance later this year.
Shareholders “overwhelmingly” voted in support of the takeover deal, WBD said after a pro forma special meeting took place on Thursday morning.
The vote was anticlimactic, but still a crucial moment in the monthslong struggle for control of WBD, one of the biggest media companies in the world.
Paramount, led by CEO David Ellison, now has to secure regulatory approval in the United States and other countries. But company executives are optimistic that they’ll be able to complete the deal