New Delhi, April 24 -- Warner Bros Discovery (WBD) shareholders have approved the $110 billion mega merger by Paramount, propelling a deal that could significantly reshape the media landscape in Hollywood and US news media landscape.

Warner Bros. Discovery on Thursday said that the overwhelming majority of its stakeholders voted in support of selling $31 a share. Paramount said that it will acquire 100% of WBD for $31 per share in cash, plus the "ticking fee", valuing WBD at $81 billion in equity value and $110 billion in enterprise value.

The deal would mean that Paramount Skydance takes control of all of Warner Bros' titles such as the Harry Potter franchise and Game of Thrones; channels including HBO Max; and news network CNN.

In a ...