The merger will still require governmental approval and could be delayed by a lawsuit seeking to block it
Shareholders of Warner Bros Discovery (WBD) voted “overwhelmingly” to approve the company’s $110bn merger with Paramount Skydance, the parent company of CBS News, on Thursday.
But shareholders voted against generous proposed compensation packages for WBD executives, including a $550m payout to the outgoing chief executive, David Zaslav.
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This article was originally published by The Guardian and written by Jeremy Barr in Washington.
Read original article on The Guardian