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Mergers & AcquisitionsMediumUpdated×6•Originally published 23 April 2026•Updated 23 April 2026•

1 min read

Warner Bros. Shareholders Approve $81 Billion Paramount Skydance Deal

Key Facts

1Warner Bros. Discovery shareholders are expected to back Paramount Skydance's offer on Thursday.

2The offer from Paramount is valued at approximately $81 billion.

Warner Bros. Discovery shareholders have officially approved the acquisition of Paramount Skydance, with new reports indicating a revised deal valuation of $81 billion, significantly lower than previous estimates of $111 billion. While the merger received overwhelming support, shareholders notably rejected the proposed $886 million compensation package for CEO David Zaslav. Adding a layer of political intrigue, Donald Trump reportedly attended a dinner with the Ellison family, the key backers behind the Paramount deal. This meeting comes as the consolidation faces ongoing scrutiny from Hollywood unions and regulators over market competition concerns. Despite the significant downward revision in valuation, the strategic merger remains a priority for long-term growth in the streaming sector. The deal's final execution now depends on clearing intensive legal and regulatory reviews.

about 1 month ago

Version History

1 additional source confirmed this story

Version 6about 1 month ago

What changed: The deal valuation was updated to $81 billion from $111 billion based on new reports.

Version 5about 1 month ago

What changed: Updated the deal valuation to $111 billion and added context regarding Donald Trump's meeting with the Ellison family.

Version 4about 1 month ago

What changed: Updated the story to specify that the shareholder vote passed with an overwhelming majority.

Version 3about 1 month ago

What changed: Updated the story to include shareholders' rejection of CEO David Zaslav's compensation package worth up to $886 million despite approving the merger.

Version 2about 1 month ago

What changed: Confirmed the 'overwhelming' nature of the shareholder vote and identified specific opposition from Hollywood unions and state attorneys general.

Version 1about 1 month ago

What changed: Updated the story to reflect official shareholder approval, the increased deal valuation to $110 billion, and the shift in focus toward regulatory reviews.