Mergers & Acquisitions ·
Paramount Skydance Corporation filed an 8-K to incorporate Warner Bros
PSKYSkydance Corp
Paramount Skydance Corporation filed an 8-K to incorporate Warner Bros. Discovery’s audited and unaudited financial statements alongside pro forma combined financials related to its pending acquisition of WBD. Under the merger agreement, WBD shareholders will receive $31.00 per share in cash plus a ticking consideration, resulting in total estimated cash consideration of approximately $77.8 billion. The transaction is financed through up to $46.7 billion in equity commitments from Ellison affiliates and RedBird Capital, alongside committed debt facilities including a $51.9 billion permanent financing package and a $5.0 billion revolving credit facility. Paramount also paid a $2.8 billion termination fee to Netflix to facilitate the deal. The company operates in the media and entertainment industry.