Warner Bros. investors approve $110 billion sale to Paramount Skydance, following long battle with Netflix

Warner Bros. Discovery (WBD) shareholders voted to o.k. the $110 cardinal merger with Paramount Skydance (PSKY), sending Paramount's banal little arsenic investors digest the supersized deal.

On Wednesday, Warner Bros. shared successful a merchandise that "based connected the preliminary ballot number from today's Special Meeting, WBD stockholders voted overwhelmingly to o.k. the adoption of the merger statement with Paramount."

Warner Bros. CEO David Zaslav said successful the merchandise that the ballot is "another cardinal milestone toward completing this historical transaction that volition present exceptional worth to our stockholders."

There are much steps to come, though. Pending regulatory clearances, the transaction is expected to adjacent successful the 3rd 4th of 2026.

This support has been a agelong clip coming. Netflix (NFLX) initially won the bid for Warner Bros. with a astir $83 cardinal woody that was past outbid by Paramount, which offered to wage $31.00 per stock successful currency and Netflix's $2.8 cardinal termination fee.

This woody combines the streaming services HBO Max and Paramount+ — deliberation "Sopranos" and "SpongeBob SquarePants" nether 1 umbrella oregon "Euphoria" and "Harry Potter."

Zaslav believes the operation volition make a "next-generation media and amusement company."

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