Shareholders of Warner Bros. Discovery overwhelmingly approved Paramount Skydance’s $110 billion acquisition, according to a company statement.
In a special April 23 meeting, Warner Bros. stockholders agreed to support the merger, following months of intense bidding between Paramount and streaming giant Netflix.
Preliminary tallies indicate that Warner Bros. investors voted by a wide margin to approve the merger agreement with Paramount.
The results will be finalized once the independent inspector of elections certifies the numbers. The company will submit the official vote totals to the Securities and Exchange Commission in a Form 8‑K filing.
“We appreciate the support and confidence our stockholders have placed in us to unlock the full value of our world-class entertainment portfolio,” said Samuel A. Di Piazza Jr., chair of the Warner Bros. Discovery board of directors….
