Warner Bros. Discovery just cleared an important hurdle in its $111 billion tie-up with Paramount Skydance|Chris Yarzab|CC BY 2.0
Warner Bros. Discovery shareholders on Thursday backed a $111 billion merger with Paramount Skydance in a preliminary vote, nudging one of Hollywood’s most closely watched deals closer to the finish line.
The deal follows a contentious bidding war that saw Netflix bow out and has drawn pushback from some Hollywood stars.
What comes next
Regulatory scrutiny and the remaining approvals will determine whether this blockbuster merger actually makes it to theaters.