Skydance Corp

Skydance Corp is a global media and entertainment company. Its portfolio includes Paramount Pictures, Paramount Television, CBS, CBS News, CBS Sports, Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+, Pluto TV, and Skydance Media, LLC's animation, interactive/games, and sports divisions. On December 8, 2025, Skydance Corp announced a cash tender offer for all outstanding shares of Series A Common Stock of Warner Bros. Discovery, Inc. at $30.00 per Warner Bros. Share. This offer is set to expire on March 2, 2026, unless extended. On December 22, 2025, the offer was amended to include an irrevocable personal guarantee from Lawrence Ellison for equity financing and any damages. A further amendment on February 10, 2026, introduced a $0.25 per Warner Bros. Share cash ticking fee for every quarter the transaction does not close beyond December 31, 2026, and a prepayment of the $2.8 billion termination fee Warner Bros. owes Netflix, Inc. Skydance Corp filed preliminary proxy materials on January 22, 2026, and definitive proxy materials on February 17, 2026, to solicit Warner Bros. stockholders to vote against the Netflix transaction. On February 24, 2026, Skydance Corp submitted a revised proposal to the Warner Bros. Board, increasing the purchase price to $31.00 per Warner Bros. Share, accelerating the $0.25 per Warner Bros. Share per quarter daily ticking fee to commence after September 30, 2026, and increasing its regulatory termination fee to $7.0 billion if the transaction fails due to regulatory issues.