WBD stockholders approve Paramount acquisition

While the final vote results are subject to certification by the company’s independent inspector of election, the preliminary vote count reportedly demonstrated overwhelming approval of the agreement. The final results will be filed with the US Securities and Exchange Commission (SEC) on a Form 8-K. Following that, the transaction is expected to close in Q3 2026, subject to customary closing conditions, including regulatory clearances.

“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.” 

Netflix recently withdrew from the race to acquire Warner Bros Discovery, leaving the way clear for Paramount Skydance to win the months-long battle for the historic Hollywood studio. Discover more here.