Warner Bros shareholders approve Paramount’s takeover

Warner Bros Discovery shareholders have backed the company's proposed merger with Paramount Skydance, voting in support of selling the entire business to Paramount for $31 a share. The deal, valued at nearly $111 billion including debt, is expected to close in the third quarter this year. Regulatory authorities in Washington and London will examine the merger's impact on competition, following subpoenas from the United States Department of Justice.