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Shareholders Approve $110B Warner-Paramount Merger, Antitrust Hurdles Remain

4/26/2026

Summary

Story summary

Shareholders approved a $110 billion merger between Warner Bros. Discovery and Paramount Skydance.
Paramount offered $31 per share, valuing the transaction at about $108.4 billion.
The merger would give Paramount control of Warner Bros. film studio, HBO Max and CNN, and could net CEO David Zaslav up to $887 million if it closes.
Antitrust approval remains pending while Democratic officials, 4,370 industry professionals and New York Mayor Zohran Mamdani oppose the deal.

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Story summary

Shareholders approved a $110 billion merger between Warner Bros. Discovery and Paramount Skydance.
Paramount offered $31 per share, valuing the transaction at about $108.4 billion.
The merger would give Paramount control of Warner Bros. film studio, HBO Max and CNN, and could net CEO David Zaslav up to $887 million if it closes.
Antitrust approval remains pending while Democratic officials, 4,370 industry professionals and New York Mayor Zohran Mamdani oppose the deal.