Warner Bros. has set Discovery has scheduled a special shareholder meeting to vote on the massive $110 billion deal for Paramount Skydance.
The company said early Thursday that a special shareholders meeting will be held on April 23 at 10 a.m. ET. WBD’s board of directors said it unanimously recommends that shareholders vote to approve the Paramount deal at the meeting.
It is the second special meeting scheduled for Warner Bros. Entertainment. this year. The company had previously scheduled a vote to approve the Netflix deal, but announced at the time that it had also opened a window to engage with Paramount to try to secure the “best and final” offer.
Ultimately, of course, Paramount’s sweet bid won out, and now WBD shareholders will get to vote on it.
Samuel A. said: Di Piazza, Jr., Chairman of Warner Bros. Discovery: “The WBD Board of Directors has been guided by the singular principle of securing a transaction that maximizes the value of our premium assets and provides the greatest possible certainty to our shareholders.” “This historic deal with Paramount not only does that, it will also expand consumer choice and develop new opportunities for creative talent.”
“We look forward to the upcoming special meeting,” added WBD CEO David Zaslav. “This transaction is the culmination of a robust process by the Board to unlock the full value of our world-class portfolio. I want to thank our talented team for transforming the business over the past several years. We are working closely with Paramount to close the transaction and deliver its benefits to all stakeholders.”
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