By George Glover
Warner Bros. Discovery shareholders are expected to back Paramount Skydance's $81 billion equity purchase on Thursday, bringing the Hollywood mega-merger one step closer to completion.
Warner is hosting a virtual special meeting of stockholders at 10 a.m. Eastern time. Shareholders of record as of 5 p.m. Eastern time on March 20 will be entitled to vote at the meeting on the merger with Paramount.
Under the terms of the deal, shareholders are set to receive $31 a share -- 147% above where Warner Bros. stock was trading on Sept. 10, when The Wall Street Journal first reported that Paramount was preparing a bid.
That premium would be tough to turn down, although regulatory roadblocks remain. Several lawmakers have criticized the merger, citing antitrust concerns, and last month more than 1,000 film and television professionals signed a letter opposing the deal.
Warner Bros. shares climbed 0.2% to $27.37 on Thursday. Paramount stock was 0.3% lower at $11.76.
Write to George Glover at george.glover@dowjones.com
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(END) Dow Jones Newswires
April 23, 2026 07:09 ET (11:09 GMT)
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