Warner Bros shareholders approve Paramount’s $111bn takeover
Attention now turns to regulatory authorities, with both Washington and London expected to examine the merger’s impact.

Attention now turns to regulatory authorities, with both Washington and London expected to examine the merger’s impact.

![If the merger moves forward, it would bring CBS News and CNN under one roof [File: Kylie Cooper/Reuters]](https://aljazeeranews.edgeone.app/wp-content/uploads/2026/03/2025-12-22T211528Z_1863318890_RC2VLIABNM0W_RTRMADP_3_PARAMOUNT-CBS-SIXTYMINUTES-1773758258.jpg?resize=770%2C513&quality=80)

![Jamal Rayyan was a presenter at Al Jazeera for nearly three decades [Al Jazeera Mubasher]](https://aljazeeranews.edgeone.app/wp-content/uploads/2026/03/Screenshot-2026-03-15-at-14.52.19-1773586344.png?resize=770%2C513&quality=80)
![Investors have until Jan. 21 to accept Paramount's offer [File: Mario Anzuoni/Reuters]](https://aljazeeranews.edgeone.app/wp-content/uploads/2026/01/2026-01-07T200423Z_1955202342_RC2JWIA4JAIY_RTRMADP_3_WARNER-BROS-DISCOVERY-M-A-VERSANT-1767901114.jpg?resize=770%2C513&quality=80)
![Paramount has said the board "never meaningfully engaged" with its offers [Adam Gray/Reuters]](https://aljazeeranews.edgeone.app/wp-content/uploads/2026/02/2026-02-17T181656Z_290930714_RC2TNJAJGP22_RTRMADP_3_WARNER-BROS-DIS-M-A-PARAMOUNT-SKYDAN-1771359118.jpg?resize=770%2C513&quality=80)

![Paramount has said the board "never meaningfully engaged" with its offers [Adam Gray/Reuters]](https://aljazeeranews.edgeone.app/wp-content/uploads/2026/02/2026-02-17T181656Z_290930714_RC2TNJAJGP22_RTRMADP_3_WARNER-BROS-DIS-M-A-PARAMOUNT-SKYDAN-1771359118.jpg?resize=770%2C513&quality=80)
![Paramount Skydance also offered to cover the termination fee if Warner Bros. Discovery walks away from the Netflix deal [File: Mike Blake/Reuters]](https://aljazeeranews.edgeone.app/wp-content/uploads/2026/02/2026-01-22T131001Z_264531435_RC2I0JAF57S4_RTRMADP_3_WARNER-BROS-DISCOVERY-M-A-PARAMOUNT-SKYDAN-1770741666.jpg?resize=770%2C513&quality=80)
Critics say such actions and increasing corporate ownership of media is causing a backsliding in US media freedom.
The network is set lean into podcasters bringing on more controversial conservative leaning voices.
The Ellison-owned media giant will now give investors until February 20 to consider its bid.
The switch in its offer comes as Paramount Skydance has campaigned that its bid is superior to Netflix’s.
WBD board says the offer ‘remains inadequate’ as some investors push back.
The 50-year-old comedian is already facing similar charges, including rape and sexual assault, involving four women.
Board’s decision comes day after Affinity Partners, fund backed by Trump son-in-law Jared Kushner, pulled out of deal.
Experts are worried that Paramount-Skydance might undercut the editorial independence of CNN, among other issues.
It is the same bid that Warner Brothers rejected in favour of the offer from Netflix last week.
Critics say the deal would create less competition in Hollywood and limit choice for consumers.