Warner Sets Date for Shareholder Vote on Paramount Deal -- WSJ

Dow Jones03-26 19:00

By Joe Flint

Warner Bros. Discovery has set April 23 for a shareholder meeting to vote on its proposed merger with Paramount Skydance, the company said Thursday.

Under the terms of the agreement, Warner shareholders will receive $31 cash for each share of common stock they own. Warner said it expected the deal to close in the third quarter of this year. If it hasn't closed by Sept. 30, Warner shareholders will receive a $0.25 per share "ticking fee" for each quarter until closing.

The merger of Paramount and Warner will place a broad range of entertainment and media assets under one roof, including CNN, CBS, HBO Max, Paramount+ and the Warner and Paramount movie studios and libraries.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

March 26, 2026 07:00 ET (11:00 GMT)

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Discovery has set April 23 for a shareholder meeting to vote on its proposed merger with Paramount Skydance, the company said Thursday. \n</p>\n<p>\n     Under the terms of the agreement, Warner shareholders will receive $31 cash for each share of common stock they own. Warner said it expected the deal to close in the third quarter of this year. If it hasn't closed by Sept. 30, Warner shareholders will receive a $0.25 per share \"ticking fee\" for each quarter until closing. \n</p>\n<p>\n     The merger of Paramount and Warner will place a broad range of entertainment and media assets under one roof, including CNN, CBS, HBO Max, Paramount+ and the Warner and Paramount movie studios and libraries. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. 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Discovery has set April 23 for a shareholder meeting to vote on its proposed merger with Paramount Skydance, the company said Thursday. \n\n\n     Under the terms of the agreement, Warner shareholders will receive $31 cash for each share of common stock they own. Warner said it expected the deal to close in the third quarter of this year. If it hasn't closed by Sept. 30, Warner shareholders will receive a $0.25 per share \"ticking fee\" for each quarter until closing. \n\n\n     The merger of Paramount and Warner will place a broad range of entertainment and media assets under one roof, including CNN, CBS, HBO Max, Paramount+ and the Warner and Paramount movie studios and libraries. \n\n\n       This item is part of a Wall Street Journal live coverage event. 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