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Warner Bros. Discovery (WBD) investor relations material
Warner Bros. Discovery Proxy filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Special meeting set for April 23, 2026, for shareholders to vote on the Paramount merger.
Shareholders to receive $31.00 per share in cash, a 147% premium over the unaffected price.
Transaction unanimously approved by both boards and expected to close in Q3 2026, pending regulatory and shareholder approval.
If not closed by September 30, 2026, a $0.25 per share ticking fee per quarter will be paid until closing.
Transaction aims to maximize asset value and expand consumer choice.
Voting matters and shareholder proposals
Shareholders will vote on the all-cash merger with Paramount Skydance Corporation.
Only shareholders of record as of March 20, 2026, are eligible to vote.
Board unanimously recommends voting in favor of the merger.
Board of directors and corporate governance
Boards of both companies unanimously approved the merger.
Information on directors and executive officers is available in recent SEC filings.
- Shareholders to vote on $31.00 per share all-cash merger with PSKY, unanimously backed by the board.WBD
Proxy filing26 Mar 2026 - Shareholders are asked to approve a $31.00 per share cash merger, with strong board support.WBD
Proxy Filing16 Mar 2026 - Paramount to acquire WBD for $31/share, forming a $110B global media powerhouse.WBD
Proxy Filing2 Mar 2026 - Paramount Skydance's revised bid deemed superior, prompting Netflix to consider a counteroffer.WBD
Proxy Filing26 Feb 2026 - Record box office, streaming growth, and restructuring drove value gains despite revenue declines.WBD
Q4 202526 Feb 2026 - Board weighs Paramount Skydance's enhanced bid as Netflix merger remains recommended.WBD
Proxy Filing25 Feb 2026 - Board reviews revised Paramount Skydance bid, maintains support for Netflix merger.WBD
Proxy Filing24 Feb 2026 - Paramount offers a fully financed, higher-value alternative to the Netflix merger for shareholders.WBD
Proxy Filing17 Feb 2026 - Shareholders to vote on a $27.75 per share all-cash Netflix merger, board unanimously recommends approval.WBD
Proxy Filing17 Feb 2026
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