Warner Bros. Discovery stockholders approve Paramount Skydance merger

Warner Bros. Discovery Inc. (NASDAQ: WBD) stockholders voted to approve the company's previously announced transaction with Paramount Skydance Corporation (NASDAQ: PSKY) at a special meeting held April 23, 2026.

Based on preliminary vote counts, WBD stockholders voted overwhelmingly to approve the adoption of the merger agreement with Paramount. Final vote results 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 Form 8-K.

"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."

David Zaslav, president and chief executive officer of Warner Bros. Discovery, said the stockholder approval represents another milestone toward completing the transaction. "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," Zaslav stated.

The transaction is expected to close in the third quarter of 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. Wachtell, Lipton, Rosen & Katz and Debevoise & Plimpton LLP are serving as legal counsel for the transaction.

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