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Warner Bros. Discovery Shareholders Set to Vote on Paramount's $110 Billion Acquisition

KVIA•Wednesday, April 22, 2026 at 7:22 PM•CNN Newsource

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Warner Bros. Discovery (WBD) shareholders are scheduled to vote on Paramount's proposed $110 billion acquisition on Thursday morning. The deal, which offers shareholders $31 per share, is expected to gain approval with backing from the board and proxy advisory firms. However, the merger faces opposition from thousands in the entertainment industry who argue it could harm creators and consumers, prompting scrutiny from state-level antitrust regulators. Paramount CEO David Ellison remains optimistic about finalizing the deal by September 30, despite concerns over potential layoffs and debt. The outcome could reshape the media landscape significantly, as the combined entity would include major assets like HBO Max.

Key Details: • Shareholder vote on the acquisition scheduled for Thursday morning. • Paramount's offer is $31 per share, significantly higher than WBD's previous trading price. • Opposition from entertainment workers could lead to state-level antitrust investigations. • Deal must be finalized by September 30 to avoid increased costs per share.

entertainment paramount warner-bros antitrust merger

People & Organizations

ParamountDavid EllisonWarner Bros. DiscoveryFCCDavid ZaslavJodie Sweetin

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