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WBD Shareholder Vote on Netflix Deal Reportedly Expected in March
February 2, 2026
Netflix’s accepted $82.7 billion offer for Warner Bros. Discovery streaming and studio assets is reportedly set to face a WBD shareholder vote in the first weeks of March.
Media reports, citing sources, say the vote is likely to happen in March, after initial indications said a vote would not happen until June, or April at the earliest.
On Jan. 20, Netflix shifted from a cash-and-stock bid to an all-cash bid of $27.75 per share — aiming to remove a more complicated stock-related transaction, which could lead to disputes over stock value.
If approved, Netflix would acquire HBO, HBO Max, and the Warner Bros. film/TV library). The remaining linear assets, including CNN, TNT Sports, and Discovery, are set to be spun off into a new public entity called Discovery Global.
The expedited March vote is seen as a move to fend off a hostile $108.4 billion bid from Paramount Skydance, which the WBD board has repeatedly rejected as “inadequate.” Paramount has launched a proxy fight direct to WBD shareholders and a lawsuit in an attempt to block the Netflix deal.
The WBD board has unanimously recommended that shareholders vote in favor of the Netflix merger, calling it the superior option for maximizing value.