Warner Bros Discovery vote to approve $110bn merger with Paramount Skydance

The merger will still require governmental approval and could be delayed by a lawsuit seeking to block it

Shareholders of Warner Bros Discovery 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.