Warner Bros. Discovery Stockholders Overwhelmingly Approve Merger with Paramount Skydance

The transaction is slated to close in the third quarter of 2026, pending regulatory clearances and other customary closing conditions.

RMN Stars Business Desk
New Delhi | April 25, 2026

NEW YORK — Stockholders of Warner Bros. Discovery, Inc. (WBD) officially voted to approve the company’s previously announced transaction with Paramount Skydance Corporation during a special meeting held on April 23, 2026. Based on preliminary results, the merger agreement was adopted with overwhelming support from WBD investors.

The approval represents a major milestone in the creation of what leadership describes as a “leading, next-generation media and entertainment company”. Samuel A. Di Piazza, Jr., Chair of the WBD Board of Directors, expressed gratitude for the “support and confidence” shown by stockholders, stating the merger will “unlock the full value” of WBD’s entertainment portfolio and benefit the global creative community.

David Zaslav, President and CEO of Warner Bros. Discovery, characterized the vote as a “key milestone” in a four-year transformation of the company. “Today’s stockholder approval is another key milestone toward completing this historic transaction that will deliver exceptional value to our stockholders,” Zaslav said.

The transaction is slated to close in the third quarter of 2026, pending regulatory clearances and other customary closing conditions. Once the independent inspector of election certifies the final results, the official vote tally will be filed with the U.S. Securities and Exchange Commission.

Warner Bros. Discovery, which currently manages a massive portfolio including HBO, CNN, DC, Discovery Channel, and Warner Bros. Games, is being advised on the deal by Allen & Company, J.P. Morgan, and Evercore. Legal counsel is being provided by Wachtell, Lipton, Rosen & Katz and Debevoise & Plimpton LLP.

Despite the positive vote, the company cautioned that the completion of the merger remains subject to various risks and uncertainties, including the possibility that regulatory approvals may not be obtained on the anticipated timeline.