Warner Bros. Discovery shareholders have overwhelmingly approved the company’s $110 billion sale to Paramount Skydance, clearing one of Hollywood’s largest-ever mega-mergers. The vote, tallied late on April 23 and digested by markets into April 25, returned 1.743 billion shares in favour against just 16.3 million opposed — a near-unanimous endorsement.
The Numbers
The transaction assigns WBD an equity value of $81 billion and an enterprise value of $110 billion, with David Ellison’s Paramount Skydance paying $31 a share in cash. The combined group would unite Warner Bros, HBO, CNN, Paramount Pictures, CBS and Paramount+ under one roof.
A Rebuke for Zaslav
In a sharp split, the same shareholders voted against the exit-pay packages for CEO David Zaslav and other named WBD executives. The pay vote is non-binding, meaning Zaslav will still collect, but the optics are bruising.
- Equity value: $81B
- Enterprise value: $110B
- Cash per share: $31
- Expected close: Q3 2026
Paramount stock slid 4.5% on Friday April 25 as investors weighed the combined debt load and integration risk. The deal still needs sign-off from the US Department of Justice and EU regulators — a hurdle that could yet reshape the timeline.
Follow Vibes Uncut Media for media and capital-markets coverage.
Leave a Reply