Warner Bros. Shareholders Vote on Paramount's $81 Billion Offer Today. What to Expect. -- Barrons.com

Dow Jones04-23

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

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

April 23, 2026 07:09 ET (11:09 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment