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Warner Bros Discovery Shareholders Approve $110B Paramount‑Skydance Deal

moviesApr 24, 2026866

Warner Bros. Discovery shareholders approved the $110 billion sale to a Paramount‑Skydance consortium, clearing a key corporate vote needed to close the transaction. The merger combines Warner Bros. Discovery's news and entertainment brands including CNN, HBO, and DC with Paramount's film and broadcast assets and Skydance's production slate, creating one of the largest global studio and streaming portfolios. The approval came as some members of Congress protested a David Ellison‑hosted dinner honoring President Trump, with critics saying the event underscored concerns about media consolidation and political influence tied to the deal. The combined company will reshape streaming competition, content licensing, and control over major news and entertainment outlets, which is why regulators and industry rivals will closely watch the integration.

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