Warnders shareholders set April vote amid $105bn merger push with Paramount
Warner Bros. Discovery has scheduled a special shareholder meeting for Thursday at the end of March to approve its planned acquisition by Skydance Media's parent company in exchange $135 billion cash deal with Paramount Global and SKYDANCE (Variety). The merger would create one of Hollywoods largest entertainment conglomerates, combining WBD assets including HBO Max into a single entity.
Key Points
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1Warner Bros. Discovery shareholders are scheduled to cast a decisive verdict on its proposed merger with Paramount Skydance at an upcoming special meeting.
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2The transaction is valued between $109 billion and $32 per share, representing one of Hollywood's largest deals in nearly ten years.
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3David Ellison leads the acquiring entity known as Paramount Skydance following his acquisition of ViacomCBS (Paramount Global).
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4Warner Bros. Discovery has initiated mailing definitive proxy statements to shareholders ahead of April 23.
Developments
Perspectives
[Mar] April 23 - Warner Bros shareholders to vote on Paramount takeover.
$109 billion merger deal between WBD and David Ellison's group
— (Spokesman)Warner Bros Discovery and Paramount shareholders are set on April 23 to vote on an $110 billion merger, with investor support required before US regulators can assess potential antitrust concerns despite claims that the deal might benefit from President Trump's influence. Acting Assistant Attorney General Omeed Assefi has stated there will be no fast track approval for this consolidation due to its political connections and regulatory scrutiny regarding competition effects on customers.
Warner Bros. Discovery has scheduled a shareholder meeting on April 23 at 10 am ET for voting approval of David Ellison's Skydance Group acquisition, with Paramount offering $31 per share as part of the deal that closed unanimously by both boards' directors in March and is expected to finalize before September 30 pending regulatory clearance.
Warner Bros. Discovery has scheduled an April 23 special meeting for shareholders to vote on approving its $111 billion merger deal with David Ellison's Skydance Entertainment Group (which includes CBS and Paramount). The board of directors unanimously recommends voting in favor, though the transaction faces potential regulatory delays from U.S. Justice Department officials due to antitrust concerns despite political connections between key figures involved.