"Shareholder approval marks another important milestone towards completing our acquisition of Warner Bros. Discovery, building on our successful equity and debt syndications and progress across regulatory approvals."
"Today's stockholder approval is another key milestone toward completing this historic transaction that will deliver exceptional value to our stockholders."
"If approved, WBD shareholders will receive $31 per share of stock in the company."
"Today, Warner Bros Discovery shareholders voted for their short-term financial gains, not for the public good."
Shareholders of Warner Bros Discovery approved a $110bn merger with Paramount Skydance, while rejecting significant compensation for executives. The merger has received board approval and is seen as a milestone towards creating a leading media company. Shareholders will receive $31 per share if the deal closes, expected between July and September. Regulatory approval is still needed, and potential lawsuits may arise. Critics argue that the vote reflects a focus on short-term financial gains over public interest.
Read at www.theguardian.com
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