Warner Bros. Discovery (WBD) shareholders have "overwhelmingly" approved Paramount’s $111 billion acquisition. This approval followed a shareholder vote held yesterday (April 23) and remains subject to certification by an independent inspector of elections. The transaction must still be cleared by both the US Department of Justice and European competition authorities before moving forward. Looking ahead, WBD and Paramount Skydance anticipate closing the deal in the third quarter of September 2026.