Overview
- Shareholders approved a roughly $110–111 billion takeover at $31 per share that hands control to Paramount Skydance.
- A majority rejected advisory exit packages for CEO David Zaslav and other top executives, with filings valuing Zaslav’s payout at more than $550 million.
- The combined company would pair Warner Bros., HBO Max, and CNN with Paramount’s CBS, Paramount Pictures, and Paramount+.
- The U.S. Department of Justice must still approve the deal before closing, and state and overseas reviews are expected.
- Paramount forecasts about $6 billion in cost cuts, and industry figures and some officials warn this could threaten jobs and raise streaming prices.