WBD Sets Date for Shareholders Vote

Warner Bros. Discovery has scheduled an April 23 shareholder meeting to vote on its proposed sale to Paramount Global, with investors set to receive $31 per share—a 147% premium over the company’s unaffected stock price.

The company said it has begun mailing definitive proxy statements to shareholders ahead of the vote, outlining the terms of the transaction and urging investor participation. Approval from shareholders is a critical step in completing the deal, which would reshape the media landscape by combining two major entertainment companies.

The $31-per-share offer represents a significant premium designed to win investor support, particularly after a period of volatility in Warner Bros. Discovery’s stock. If approved, the transaction would mark one of the largest consolidation moves in the industry, bringing together major film studios, television networks, and streaming platforms under one umbrella.

Executives have positioned the deal as a strategic response to increasing competition from global streaming giants, arguing that greater scale is necessary to compete in a rapidly evolving media environment. The combined company is expected to leverage cost synergies, expanded content libraries, and broader distribution capabilities.

The outcome of the April 23 vote will determine whether the deal moves forward, with regulatory approvals and additional closing conditions still required before the transaction can be finalized.