Warner Bros. Discovery Shareholders Approve Paramount Takeover Deal

Shareholders of Warner Bros. Discovery have approved a takeover deal that will combine its assets with Paramount Skydance.

The companies aim to complete the deal by the third quarter of 2026. (Photo: Zara Farrar, HM Treasury Flickr)

The vote, described as overwhelming, clears a major hurdle for the transaction, which would bring brands such as CNN and HBO under the new structure.

Paramount, led by David Ellison, must still secure regulatory approvals in the United States and other markets.

The companies aim to complete the deal by the third quarter of 2026. Executives said the merger would create a next-generation media company with expanded capabilities for content production and distribution.