Paramount Skydance and Warner Bros. Discovery Set Anticipated Closing Date for $110B Merger
PSKY sits 37% above its 52-week low of $7.62 on elevated volume (2.1× avg).
Summary
Paramount Skydance and Warner Bros. Discovery announced an anticipated closing date for their $110 billion merger, with WBD closing expected October 6, 2026. Ynon Kreiz has been appointed Co-CEO effective October 5, 2026, with a $3.5M base salary rising to $5M after the WBD closing. This follows the September 30 court entry of the States Consent Decree, which resolved the multi-state antitrust lawsuit and cleared a major hurdle. The announcement signals that the deal is moving toward completion after months of regulatory and legal challenges. The upcoming 2-for-1 stock split effective October 5, 2026, is also relevant for shareholders. The merger's closing would create a media giant and is a key event for both PSKY and WBD investors.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Ynon Kreiz appointed Co-CEO effective October 5, 2026, with $3.5M base salary rising to $5M after WBD closing, and WBD closing expected October 6, 2026.
At the time of this announcement, PSKY was trading at $10.44 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $11.6B. The 52-week trading range was $7.62 to $20.09. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.