The acquisition of Paramount has been approved, there is the approval of the shareholders of Warner Bros. Discovery

The shareholders of Warner Bros. Discovery they have approved the acquisition Of Paramount Skydance during theextraordinary meeting which was held Today.

“We appreciate the support of shareholders in valuing ours content portfolio“, said the chairman of the board Samuel A. Di Piazza Jr.underlining that theoperation will allow you to create a group able to expand the offer per i consumers e support the global creative industry.

Green light from shareholders

L’CEO David Zaslav defined the green light from the shareholders “a key stage” towards the completion of the transactionwhich aims to give life to one media company Of new generation. According to i preliminary resultsl’approval it came with large majority.

Times and conditions

Il closing of the operation is expected in third quarter of 2026subordinate to usual conditionsincluding the regulatory authorizations.

A value of 110 billion dollars

The offering values ​​the new company at $110 billion. The merged entity will include CNN, CBS, HBO and Nickelodeon, as well as some of Hollywood’s most treasured franchises, such as Harry Potter, Game of Thrones, the DC Universe, Mission Impossible and SpongeBob. The deal ends a long-running acquisition saga that has included a close battle with Netflix. It also creates an entertainment giant whose impact on a struggling media landscape, and its ties to Donald Trump’s White House, will be the subject of commentary and analysis.

The terms of the agreement

Under the terms of the agreement, Paramount will pay $31 per share in cash for all of Warner Bros.’ outstanding shares, for a capital valuation of $81 billion (which rises to $110 billion including the debt Paramount must take on). David Ellison, CEO of Paramount, is expected to make extensive spending cuts to lighten the new company’s financial burden. His father Larry Ellisonowner of Oracle and one of the richest men in the world, largely financed the operation, offering a financial guarantee that convinced the board of directors of Warner Bros.

Larry Ellison is an old Trump ally, which declared its intention to intervene in the approval process of the operation. The deal still faces several regulatory hurdles, both in the United States and Europe. Paramount’s offer includes funding from three sovereign wealth funds of Saudi Arabia, Qatar and Abu Dhabi, which could draw further scrutiny over national security concerns. Hollywood actors such as Jane Fonda, Joaquin Phoenix and Bryan Cranston, along with directors JJ Abrams and Denis Villeneuve, are among over a thousand artists who have lined up against the merger.