Paramount deal to buy Warner Brothers approved by shareholders

(CNN)– Paramount’s takeover of Warner Brothers Discovery passed a hurdle Thursday, April 23.

WBD’s shareholders approved the deal in a special meeting.

It was widely expected because WBD stock was trading at $8 a year ago.

Paramount is offering $31 per share.

Executives say they believe the merger will be complete by the end of September.

But, that may be too optimistic.

Several state attorneys generals and European regulators have signaled they may challenge it.