WBD Shareholders Back Sale To Paramount In Key Vote; David Zaslav Payday Rejected

Deadline — Apr 23, 14:16 PM

Shareholders of Warner Bros.

Discovery voted to sell the company to David Ellison’s Paramount Skydance for $31 a share in cash at a special virtual meeting this morning.

The approval was a key hurdle in advancing the deal.

Company officials said the merger vote passed “overwhelmingly,” with exact vote totals to be confirmed.

Compensation for […]