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Warner Bros. Discovery Shareholders Approve Paramount Skydance Takeover

By  |  April 23, 2026

Shareholders of Warner Bros. Discovery have voted decisively in favor of a major takeover that will see the company’s portfolio—including CNN and HBO—join Paramount Skydance later this year, according to CNN.

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    The approval came during a special meeting held Thursday morning, where investors “overwhelmingly” backed the proposed deal, per CNN. While the outcome had been widely anticipated, the vote marks a significant milestone in the months-long battle over the future of one of the world’s largest media conglomerates.

    The acquisition still requires regulatory clearance in the United States and internationally. However, executives at Paramount Skydance have expressed confidence that approvals will be secured in time to finalize the transaction in the third quarter of the year.

    “Shareholder approval marks another important milestone towards completing our acquisition of Warner Bros. Discovery, building on our successful equity and debt syndications and progress across regulatory approvals,” the company said in a statement. “We look forward to closing the transaction in the coming months and realizing the creation of a next-generation media and entertainment company that better serves both the creative community and consumers.”

    Related: Hollywood Figures Rally Against Proposed Paramount Skydance–Warner Bros. Discovery Merger

    The financial terms of the deal have made it particularly attractive to investors. A year ago, Warner Bros. Discovery shares were trading at roughly $8, but Paramount Skydance’s offer of $31 per share has made the acquisition an easy choice for many shareholders, per CNN.

    Despite strong investor backing, the deal has sparked controversy across Hollywood and beyond. Some industry veterans have raised concerns about further consolidation in the media landscape, while critics have pointed to Paramount’s ties to Donald Trump as a potential issue, according to CNN.

    Source: CNN