Warner Bros Discovery has approved its acquisition by Paramount for over 100 billion dollars

Warner Bros Discovery (WBD) shareholders have overwhelmingly approved the acquisition of the American media group by Paramount Skydance. The vote took place during an extraordinary general meeting held online on Thursday, according to an official statement from WBD.

This decision marks an important moment in the media industry, considering that Paramount Skydance is a direct competitor of WBD. The acquisition reflects current trends of consolidation in the media sector, where companies seek to expand their portfolios and strengthen their market positions. Additional details about the impact of this transaction and the future plans of the new owners have not yet been disclosed.

“Together with Paramount, we look forward to creating an exceptional combined company that will expand consumer options and benefit the global community of creative talent,” said Samuel DiPiazza, chairman of Warner Bros.