Warner Bros. Discovery shareholders approve Paramount Skydance merger while rejecting executive pay plans

Thursday, April 23, 2026Business & MarketsWell-covered5 frames

Warner Bros. Discovery shareholders voted to approve the company's merger or sale to Paramount Skydance at a special shareholder meeting.
The deal is valued at roughly $110 billion to $111 billion, and the offer to Warner Bros. Discovery shareholders is $31 per share.
The shareholder vote was described as a major step toward completing the transaction, but the merger has not closed yet.
The transaction still requires regulatory review or approval in the United States and other jurisdictions before it can be finalized.
If completed, the combined company would bring together major media assets including Warner brands such as HBO and CNN with Paramount assets such as CBS and Paramount+.
Shareholders voted against proposed compensation packages for David Zaslav and other executives connected to the transaction.
Paramount Skydance's bid prevailed after Netflix withdrew from the contest rather than raise its offer.
The companies have said they aim to complete the transaction in the third quarter, subject to closing conditions and approvals.

Warner Bros. Discovery shareholders voted to approve the company's merger or sale to Paramount Skydance at a special shareholder meeting.
The deal is valued at roughly $110 billion to $111 billion, and the offer to Warner Bros. Discovery shareholders is $31 per share.
The shareholder vote was described as a major step toward completing the transaction, but the merger has not closed yet.
The transaction still requires regulatory review or approval in the United States and other jurisdictions before it can be finalized.
If completed, the combined company would bring together major media assets including Warner brands such as HBO and CNN with Paramount assets such as CBS and Paramount+.
Shareholders voted against proposed compensation packages for David Zaslav and other executives connected to the transaction.
Paramount Skydance's bid prevailed after Netflix withdrew from the contest rather than raise its offer.
The companies have said they aim to complete the transaction in the third quarter, subject to closing conditions and approvals.