Warner Bros. Investors Approve $110 Billion Paramount Deal (1)

Warner Bros. Discovery Inc. shareholders voted overwhelmingly to approve a takeover by Paramount Skydance Corp., despite widespread opposition to the deal in Hollywood.

Paramount agreed to buy Warner Bros. for $110 billion in February, beating out Netflix Inc. after a months-long bidding war. Stakeholders are set to receive $31 in cash for each share of Warner Bros. common stock that they own once the agreement goes through. It’s still facing antitrust review in several jurisdictions, including the US and EU. If the deal has not been finalized by Sept. 30, they will receive 25 cents per share for each ...