Warner Bros Discovery Shareholders Approve $110B Paramount Merger — CEO Zaslav Calls It A ‘Historic Transaction’

Warner Bros. Discovery Inc. (WBD) shareholders on Thursday approved the company’s merger with Paramount Skydance Corp. (PSKY) in a $110 billion deal.

The company stated that a preliminary vote count showed that shareholders overwhelmingly supported the adoption of the merger agreement with Paramount.

“Today's stockholder approval is another key milestone toward completing this historic transaction that will deliver exceptional value to our stockholders,” said Warner Bros. Discovery CEO David Zaslav.

Warner Bros. Discovery stated that the transaction is expected to close in the third quarter (Q3) this year.

Warner Bros. Discovery shares were unchanged in Thursday’s opening trade, while Paramount Skydance shares were down nearly 4%.

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