Paramount Skydance completes $78 billion merger with Warner Bros. Discovery
Filed with the SEC on · Summarized by InvestorsBot
Warner Bros. Discovery became a wholly owned subsidiary of Paramount Skydance Corporation (SKYD) when the merger closed, with approximately $78 billion in consideration funded through equity and debt financing. WBD’s board also ratified 396,804 restricted stock units granted to directors after the incentive plan expired on May 20, 2025, including 120,000 shares already issued; the awards will be converted into cash based on the merger consideration.