Warner Bros shareholders approve Paramount's $111bn takeover-The approval came as Donald Trump is to attend a dinner with billionaires, Paramount CEO & Chairman David Ellison and his father Larry
Ellison, chief executive and chairman of Paramount and a major Republican donor, is hosting a dinner with Trump on Thursday at the U.S. Institute of Peace in Washington DC.
The deal still needs approval from the US Department of Justice and European competition regulators.
The shareholders' backing of the deal follows a dramatic months-long saga, following an earlier takeover bid for Warner Bros by Netflix, which the streaming service later withdrew after Paramount submitted a rival, higher offer.
https://en.wikipedia.org/wiki/David_Ellison
https://en.wikipedia.org/wiki/Larry_Ellison
The deal still needs approval from the US Department of Justice and European competition regulators.
The shareholders' backing of the deal follows a dramatic months-long saga, following an earlier takeover bid for Warner Bros by Netflix, which the streaming service later withdrew after Paramount submitted a rival, higher offer.
https://en.wikipedia.org/wiki/David_Ellison
https://en.wikipedia.org/wiki/Larry_Ellison