Shareholders of Warner Bros. Discovery have approved a proposed acquisition by Paramount Skydance, moving the deal closer to completion, according to company statements reported by media outlets.
The report said Paramount has offered $31 per share for Warner Bros. Discovery’s assets, including its film studio, streaming platform and cable networks. The agreement follows a competitive bidding process involving Netflix and Comcast, with Netflix exiting after Paramount raised its bid.
BREAKING: Warner Bros. Discovery shareholders vote to approve the company’s acquisition by Paramount Skydance. https://t.co/ubWAam9AiM
— NBC News (@NBCNews) April 23, 2026
According to the report, the deal includes a $7 billion breakup fee if regulatory approval fails. Both companies expect to close the transaction in the third quarter, pending approvals.
While shareholders backed the merger, they rejected executive compensation packages tied to the deal. However, the payouts are non-binding and will proceed.
The report said the merger could reshape the media landscape by creating a larger, integrated entertainment company.
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TIPP Staff
