Warner Bros. Discovery Shareholders Approve $110 Billion Merger with Paramount
Warner Bros. Discovery shareholders voted to approve the sale of the company to Paramount Skydance, greenlighting a $110 billion hostile takeover that creates a new entertainment giant.
📋 Article Processing Timeline
- 📰 Published: April 24, 2026 at 02:52
- 🔍 Collected: April 24, 2026 at 03:02 (9 min after Published)
- 🤖 AI Analyzed: April 24, 2026 at 03:32 (29 min after Collected)
Central News Agency
(CNA, New York, 23rd, Foreign Dispatch) Warner Bros. Discovery announced today that shareholders have voted to approve the sale of the company to Paramount Skydance, greenlighting the $110 billion hostile takeover.
According to AFP, this agreement brings an end to the protracted buyout saga and creates an entertainment giant. Its impact on the currently struggling media landscape, as well as potential conflicts of interest with President Trump's administration, will be subject to intense scrutiny.
The combined entity will encompass CNN, CBS, HBO, and Nickelodeon, and sit atop Hollywood's most valuable franchises, including "Harry Potter", "Game of Thrones", the DC Universe, "Mission: Impossible", and "SpongeBob SquarePants".
Warner Bros. Discovery CEO David Zaslav stated in a press release: "The shareholder vote today is another important milestone in completing this historic transaction, which will create extraordinary value for our shareholders."
"We will continue working with Paramount to complete the remaining steps of the process to build an industry-leading, next-generation media and entertainment company."
Under the terms of the agreement, Paramount will acquire all outstanding Warner Bros. shares for $31.00 per share in cash. This represents an equity value of $81 billion; including the massive debt Paramount will assume, the total value reaches $110 billion.
Paramount launched this unsolicited takeover bid after Warner Bros. Discovery had already signed a sale agreement with Netflix. This sparked a bidding war that only concluded when the streaming upstart balked at matching its rival's offer. (Translated by: Chen Yuting) 1150424
Choose to stand with the facts, every sponsorship you make is the power to guard press freedom.
Download the CNA "First Hand News" APP to grasp the latest news instantly.
The text, images, and audio/video on this website are not to be reproduced, publicly broadcast, or publicly transmitted and utilized without authorization.
(CNA, New York, 23rd, Foreign Dispatch) Warner Bros. Discovery announced today that shareholders have voted to approve the sale of the company to Paramount Skydance, greenlighting the $110 billion hostile takeover.
According to AFP, this agreement brings an end to the protracted buyout saga and creates an entertainment giant. Its impact on the currently struggling media landscape, as well as potential conflicts of interest with President Trump's administration, will be subject to intense scrutiny.
The combined entity will encompass CNN, CBS, HBO, and Nickelodeon, and sit atop Hollywood's most valuable franchises, including "Harry Potter", "Game of Thrones", the DC Universe, "Mission: Impossible", and "SpongeBob SquarePants".
Warner Bros. Discovery CEO David Zaslav stated in a press release: "The shareholder vote today is another important milestone in completing this historic transaction, which will create extraordinary value for our shareholders."
"We will continue working with Paramount to complete the remaining steps of the process to build an industry-leading, next-generation media and entertainment company."
Under the terms of the agreement, Paramount will acquire all outstanding Warner Bros. shares for $31.00 per share in cash. This represents an equity value of $81 billion; including the massive debt Paramount will assume, the total value reaches $110 billion.
Paramount launched this unsolicited takeover bid after Warner Bros. Discovery had already signed a sale agreement with Netflix. This sparked a bidding war that only concluded when the streaming upstart balked at matching its rival's offer. (Translated by: Chen Yuting) 1150424
Choose to stand with the facts, every sponsorship you make is the power to guard press freedom.
Download the CNA "First Hand News" APP to grasp the latest news instantly.
The text, images, and audio/video on this website are not to be reproduced, publicly broadcast, or publicly transmitted and utilized without authorization.