Warner Bros. Discovery shareholders approve Paramount Skydance merger

Source: NBC News

Apr. 23, 2026, 10:12 AM EDT


The biggest media merger in years is inching closer to the finish line. Warner Bros. Discovery shareholders voted Thursday to approve the company’s acquisition by Paramount Skydance, a tie-up that would unite two of Hollywood’s most storied film studios under the same corporate roof and reshape American entertainment.

The “yes” vote from WBD’s shareholders was widely expected after the boards of directors at both entertainment giants unanimously endorsed the blockbuster $110 billion transaction. “Today’s stockholder approval is another key milestone toward completing this historic transaction that will deliver exceptional value to our stockholders,” WBD CEO David Zaslav said.

Paramount Skydance’s offer of $31 a share values WBD at roughly $77 billion and includes the Warner Bros. film studio, the HBO Max streaming platform and a portfolio of cable channels, including CNN, TBS and TNT. Together, the two studios would own a sprawling library of intellectual property that ranges from “The Godfather” and SpongeBob Squarepants (Paramount) to “Casablanca” and the Harry Potter universe (WBD).

But the transaction still needs to be approved by antitrust regulators at the Department of Justice. The merger could face a separate legal challenge from California Attorney General Rob Bonta, whose office is investigating the deal.

Read more: https://www.nbcnews.com/business/media/warner-bros-discovery-shareholders-approve-paramount-skydance-merger-rcna341529