Shareholders Approve $31-Per-Share Paramount Takeover of Warner Bros. Discovery
Warner Bros. Discovery shareholders voted overwhelmingly in favor of Paramount Skydance's $31-per-share takeover. Paramount must now secure regulatory approvals in the US, Europe and other markets, aiming to close the deal by end of Q3 and is protected by a ticking fee if delayed.
1. Shareholder Approval Vote
Warner Bros. Discovery shareholders held a pro forma special meeting where they voted overwhelmingly to approve the $31-per-share acquisition by Paramount Skydance, marking a decisive step in the months-long control struggle.
2. Regulatory Approval Path
Paramount now faces reviews from US, European and other international regulators, with executives expressing confidence that all approvals will be secured by the end of Q3 to finalize the merger.
3. Deal Terms and Controversy
The offer values WBD at nearly four times last year’s trading price of about $8 per share, but critics—including activists and state attorneys general—warn of antitrust risks and media consolidation before political and legal challenges are resolved.