Paramount clinches $111bn Warner Bros takeover, reshaping Hollywood

Warner Bros Discovery shareholders approved Paramount’s $111 billion takeover, placing Paramount in control of Warner Bros’ library and channels (including CNN) once regulators sign off. Completion remains contingent on US DOJ and European approvals, with a target around September; if cleared, HBO Max and other Warner assets would be folded into Paramount’s portfolio. The deal drew opposition from industry figures and politicians over consolidation risks, though Paramount pledges to support creators and enhance consumer choice.