business / news / / Raw Story
Warner Bros.
Warner Bros. Discovery shareholders approved the Ellison family's purchase with a 99 to 1 majority.
KEY POINTS
- The acquisition will add approximately $79 billion in debt to Warner Bros. Discovery.
- CEO David Zaslav could receive $886 million for leading the sale, aside from his regular pay.
- Institutional investors like Vanguard, BlackRock, and State Street hold over 70% of Warner Bros. Discovery shares.
- CBS News, CNN, HBO, and TikTok may come under control of Trump allies, the Ellisons.
COMPANIES
Summarized by Newsio from Raw Story. How we summarize →