Warner Bros Discovery Shareholders Vote To Approve Paramount’s Acquisition

As noted before, Paramount had announced their official acquisition of Warner Bros Discovery following the company becoming the winner of the bidding process over Netflix this past February. WBD is the current media broadcast partner of AEW.

WBD announced on Thursday that their shareholders voted in approval of Paramount Skydance’s acquisition and merger plans for the company.

It was also announced that Paramount’s acquisition is currently expected to close in the third quarter of 2026.

Official press release:

Warner Bros. Discovery Stockholders Approve Transaction with Paramount Skydance

NEW YORK, April 23, 2026 /PRNewswire/ — Warner Bros. Discovery, Inc. (“WBD” or the “Company”) (NASDAQ: WBD) today announced that its stockholders voted to approve its previously announced transaction with Paramount Skydance Corporation (“Paramount”) (NASDAQ: PSKY) at the Company’s Special Meeting of Stockholders (the “Special Meeting”) held earlier today.

“We appreciate the support and confidence our stockholders have placed in us to unlock the full value of our world-class entertainment portfolio,” said Samuel A. Di Piazza, Jr., Chair of the Warner Bros. Discovery Board of Directors. “With Paramount, we look forward to creating an exceptional combined company that will expand consumer choice and benefit the global creative talent community.”

“Over the past four years, our teams have transformed Warner Bros. Discovery and returned the company to industry leadership,” said David Zaslav, President and Chief Executive Officer of Warner Bros. Discovery. “Today’s stockholder approval is another key milestone toward completing this historic transaction that will deliver exceptional value to our stockholders. We will continue to work with Paramount to complete the remaining steps in this process that will create a leading, next-generation media and entertainment company.”

Based on the preliminary vote count from today’s Special Meeting, WBD stockholders voted overwhelmingly to approve the adoption of the merger agreement with Paramount. Final vote results from the Special Meeting are subject to certification by the Company’s independent inspector of election and will be filed with the U.S. Securities and Exchange Commission on a Form 8-K.

The transaction is expected to close in Q3 2026, subject to customary closing conditions, including regulatory clearances.

Allen & Company, J.P. Morgan and Evercore are serving as financial advisors to Warner Bros. Discovery and Wachtell, Lipton, Rosen & Katz and Debevoise & Plimpton LLP are serving as legal counsel.