Warner Bros Shareholders Approve Paramount's $81 Billion Takeover (apnews.com)
(Friday April 24, 2026 @11:00PM (BeauHD)
from the one-step-closer-to-completion dept.)
Warner Bros. Discovery shareholders have [1]approved Paramount Skydance's takeover bid , moving the massive Hollywood merger a step closer to completion. It's not a done deal quite yet, though, as it still faces regulatory scrutiny and [2]fierce opposition from critics who warn it will further concentrate media power. The Associated Press reports:
> Per a preliminary vote count Thursday, Warner Bros. Discovery said the overwhelming majority of its stakeholders voted in support of selling the entire business to Skydance-owned Paramount for $31 a share. Including debt, the deal is valued at nearly $111 billion based on Warner's current outstanding shares. That means Warner-owned HBO Max, cult-favorite titles like "Harry Potter" and even CNN could soon find themselves under the same roof with Paramount's CBS, "Top Gun" and the Paramount+ streaming service.
>
> David Zaslav, CEO of Warner Bros. Discovery, said in a statement that stockholder approval marks "another key milestone toward completing this historic transaction." Paramount added that it looks forward to closing in the coming months, and "realizing the creation of a next-generation media and entertainment company." [...] Meanwhile, Warner shareholders rejected a separate measure Thursday outlining post-merger payments for company executives.
[1] https://apnews.com/article/warner-brothers-paramount-skydance-netflix-david-ellison-d52e8730ba894adf2ebb9a69646d323b
[2] https://slashdot.org/story/26/04/13/2056254/hollywood-stars-sign-open-letter-protesting-paramount-warner-bros-merger
> Per a preliminary vote count Thursday, Warner Bros. Discovery said the overwhelming majority of its stakeholders voted in support of selling the entire business to Skydance-owned Paramount for $31 a share. Including debt, the deal is valued at nearly $111 billion based on Warner's current outstanding shares. That means Warner-owned HBO Max, cult-favorite titles like "Harry Potter" and even CNN could soon find themselves under the same roof with Paramount's CBS, "Top Gun" and the Paramount+ streaming service.
>
> David Zaslav, CEO of Warner Bros. Discovery, said in a statement that stockholder approval marks "another key milestone toward completing this historic transaction." Paramount added that it looks forward to closing in the coming months, and "realizing the creation of a next-generation media and entertainment company." [...] Meanwhile, Warner shareholders rejected a separate measure Thursday outlining post-merger payments for company executives.
[1] https://apnews.com/article/warner-brothers-paramount-skydance-netflix-david-ellison-d52e8730ba894adf2ebb9a69646d323b
[2] https://slashdot.org/story/26/04/13/2056254/hollywood-stars-sign-open-letter-protesting-paramount-warner-bros-merger