AcquisitionFeb 27, 2026Completed
🇺🇸 United States
WBWarner Bros. Discovery, Inc.PSParamount Skydance Corporation
Media & Telecom › Media & Entertainment
Deal valueUndisclosed
AnnouncedFeb 27, 2026
ConsiderationCash
StructureOne-step merger
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
Paramount Skydance Corporation agreed to acquire Warner Bros. Discovery, Inc. through a merger of Prince Sub Inc. into WBD, with WBD surviving as a wholly owned subsidiary of Paramount Skydance. WBD stockholders were to receive $31.00 per share in cash.
Deal rationale
The WBD Board determined the terms of the merger are fair to and in the best interests of WBD and its stockholders, noting a premium of approximately 147% to WBD's unaffected share price.
AI-generated from the SEC filingCompletedMedia & Telecom › Media & EntertainmentUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | Undisclosed | |
| Consideration | Cash |
Advisors
Buy-side
None listed
Sell-side
AAllen & CompanyEEvercoreJPJ.P. Morgan