Paramount Skydance Corp [PSKY] - / Warner Bros. Discovery merger
Paramount Skydance Corp will acquire Warner Bros. Discovery, Inc. through a merger with Prince Sub Inc., with WBD surviving the merger as the surviving corporation, as per the terms of the merger agreement dated February 27, 2026.
Why this matters
Paramount Skydance Corp is a global media and entertainment company with operations spanning studios, direct-to-consumer platforms, and TV media, featuring a diverse portfolio that includes renowned brands such as Paramount, Warner Bros., HBO, and CBS. The company has completed its acquisition of Warner Bros. Discovery, Inc., merging with Prince Sub Inc., with Warner Bros. Discovery surviving as the merged entity. This strategic move consolidates two major film studios and streaming services, aiming to create a next-generation media powerhouse. The transaction was finalized after receiving all necessary regulatory approvals, with WBD shareholders receiving $31.01666668 per share in cash, and Skydance Class B shares now trading on the NYSE under the ticker symbol SKYD.