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Warner Bros. Discovery shareholders approve Paramount Skydance merger
The merger would combine major studios and streaming platforms, while regulators still review the deal and critics warn of layoffs and higher consumer prices.
- On Thursday, Warner Bros. Discovery shareholders voted overwhelmingly to approve the company's sale to Paramount Skydance, valuing the transaction at nearly $111 billion including debt.
- Paramount prevailed in a months-long bidding battle after offering $31 per share in cash, surpassing Netflix's rejected $72 billion proposal and prompting the board to endorse the bid.
- More than 4,000 industry figures voiced "unequivocal opposition" to the merger, citing mass layoffs and reduced creative choices; shareholders separately rejected CEO David Zaslav's non-binding compensation package.
- The deal faces ongoing antitrust reviews by the U.S. Department of Justice, European, and U.K. authorities; it includes a "ticking fee" that increases the price if not finalized by September 30.
- Critics, including Democratic Senator Cory Booker, warn of concentrated cultural power, while California Attorney General Rob Bonta investigates potential antitrust violations as the merger positions Paramount to control CNN and HBO.
177 Articles
177 Articles
In Hollywood, two of the five major studios merge. The historic deal not only worries actors, but also political observers.
The shareholders of Warner Bros. Discovery (WBD) approved the sale of the company to Paramount Skydance (Paramount) for US$111 billion, an operation that will create a giant of the audiovisual industry by merging the companies that own the two most important Hollywood studios and the largest television conglomerates in the United States. The transaction is expected to close in the third quarter of 2026, subject to the usual closing conditions, i…
The shareholders of the American giant voted on Thursday in favour of the acquisition by its competitor Paramount Skydance. The result of the vote was little doubt after Netflix's withdrawal from the race. It remains to be convinced the regulatorsThe shareholders of Warner Bros. Discovery (WBD) voted in favour of the acquisition of the American media group by its competitor Paramount Skydance at an extraordinary on-line general meeting on Thursd…
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