"A majority of WBD shareholders OK'd a deal to sell the legendary studio to David Ellison's Paramount Skydance for $31 a share in a vote on Thursday, according to the Associated Press."
"Despite Thursday's shareholder vote, it is not yet a done deal, as the merger requires regulatory sign-off from such bodies as President Donald Trump's Department of Justice."
"Once finalized, the deal will move all of WBD's properties including the Harry Potter franchise and DC superheroes like Batman and Superman under the Paramount umbrella."
Warner Bros. Discovery shareholders have approved an $81 billion takeover bid from Paramount Skydance, valuing the deal at nearly $111 billion with debt. The takeover bid was initially rejected but gained traction as Paramount Skydance improved its offer, leading to Netflix's withdrawal from the bidding process. The merger requires regulatory approval from entities like the Department of Justice. If finalized, Warner Bros. Discovery's properties, including the Harry Potter franchise and DC superheroes, will be integrated into Paramount's portfolio.
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