Warner Bros. Discovery has set April 23 at 10 am ET for a special meeting of shareholders to vote on the media giant’s sale to David Ellison’s Paramount Skydance, a key step forward in the process.
WBD said it started mailing definitive proxy statements to shareholders ahead of the meeting where stockholders of record as of 5 pm ET on March 20, 2026 are entitled to vote.
The merger agreement calls for Paramount to hand WBD shareholders $31 in cash for each share of WBD common stock they own, repping a 147% premium to WBD’s so-called “unaffected” stock price of $12.54 per share before it was inflated by deal speculation. The stock, which hit a high of $30 late last year, closed Wednesday at $27.22.
The transaction has been unanimously approved by the boards of directors of both companies. Paramount has said it expects the deal to
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