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Paramount Skydance Corporation

Paramount Skydance-Warner Bros. Discovery Merger to Close Oct. 6

Paramount Skydance-Warner Bros. Discovery Merger to Close Oct. 6

NEW YORK – September 30, 2026 -- Paramount Skydance Corporation (NASDAQ: PSKY) and Warner Bros. Discovery, Inc. (NASDAQ: WBD) confirmed their merger is expected to close October 6, 2026, finalizing one of the largest media consolidations in recent years.

WBD shareholders to receive $31.01666668 per share at anticipated closing

Under the Merger Agreement dated February 27, 2026, each outstanding share of WBD common stock will convert into a cash right of $31.00 plus a daily accrual of $0.00277778 for each calendar day elapsed after September 30, 2026 through the closing date. If the deal closes on the anticipated date of October 6, 2026, the per-share payout totals $31.01666668.

Paramount Skydance Seeks Bond to Cover $1.88B Merger Delay Risk

Los Angeles – September 12, 2026 -- Paramount Skydance Corporation (NASDAQ: PSKY) filed reply briefs pressing a district court to enforce a bond requirement against State Attorneys General and the Writers Guild of America (WGA), the two plaintiffs blocking its merger with Warner Bros. Discovery (NASDAQ: WBD). The company says it has cleared regulatory approval in 69 jurisdictions and satisfied all closing conditions, leaving the pending lawsuits as the sole barrier to completing the transaction.

Paramount quantifies delay costs at up to $1.88 billion

The filing states Paramount provided unrebutted evidence that ticking fees and incremental financing costs tied to the closing delay could reach $1.88 billion. Paramount's briefs assert that plaintiffs have not disputed this figure or otherwise contested that the company will suffer financial injury from the court's no-close order.