Paramount Skydance and Warner Bros. Discovery set October 6, 2026 closing date for merger
Paramount Skydance Corp. (PSKY) and Warner Bros. Discovery (WBD) announced that their merger is expected to close on October 6, 2026, subject to customary closing conditions. At closing, each WBD share will be converted into a cash payment of $31.01666668, which includes a base $31.00 plus a daily accrual of $0.00277778 for each calendar day from September 30, 2026. The transaction is being financed with $41.4 billion and €885 million of senior secured notes and an $8.5 billion and €850 million term loan B facility. Insiders have sold $406.3 million of WBD stock in the past year.
Why it matters
The cash consideration gives WBD shareholders a defined payout per share, which will be received once the merger closes (the company’s announcement says shareholders will receive $31.01666668 per share). The financing package disclosed by PSKY outlines how the $81 billion acquisition will be funded and may affect the combined company’s capital structure.
Key facts
- 1The merger is expected to close on October 6, 2026. prnewswire.com
- 2WBD shareholders will receive $31.01666668 per share at closing. prnewswire.com
- 3The cash amount consists of a $31.00 base payout plus $0.00277778 per calendar day from September 30, 2026 to the closing date. finance.biggo.com
- 4PSKY announced senior secured notes of $41.4 billion and €885 million, and a term loan B facility of $8.5 billion and €850 million to fund the $81 billion acquisition. rttnews.com
- 5Insiders have sold $406.3 million of WBD shares over the past year. gurufocus.com
- 6WBD’s current price‑to‑sales ratio is 2.14. gurufocus.com
Summary written by AlphAI from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.