India, April 24 -- Warner Bros. Discovery on Thursday said shareholders approved its sale to Paramount Skydance, giving a green light to a hostile takeover bid valuing the combined company at $110 billion. The agreement ends a lengthy takeover saga and creates an entertainment behemoth whose impact on a struggling media landscape will be closely scrutinised. Under the terms of the agreement, Paramount will pay $31.00 per share in cash for all outstanding Warner Bros. shares, implying an equity value of $81 billion -- and $110 billion when including the mountain of debt Paramount will take on. Paramount made its offer for WBD after a contract was already in place for a sale to Neflix, triggering a bidding war that ended when the streaming up...