Warner Bros shareholders to vote on $110 billion Paramount deal on April 23, WSJ reports

Warner Bros Discovery shareholders will vote on its planned $110 billion merger with Paramount Skydance on April 23, the Wall Street Journal reported on Thursday.

A green light from investors would move the deal forward, but it would still face intense scrutiny from U.S. and European competition authorities who must assess whether the combined entity will increase prices for customers or hurt competition.

Paramount has bet on closing the deal quickly, promising to pay Warner Bros shareholders a 25-cent-per-share quarterly “ticking fee” starting in October if the deal has not closed.

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Warner Bros and Paramount did not immediately respond to Reuters requests for comment.