The acquisition has closed, so WBD common stock is no longer publicly traded. Monitor Skydance Corporation's future filings for post-merger integration updates and any potential spin-offs or asset sales.
Price Chart
Executive Summary
Skydance Corporation completed its acquisition of Warner Bros. Discovery on October 6, 2026, for approximately $78 billion in cash. WBD common stock was delisted from Nasdaq and converted into the right to receive $31.01666668 per share. All WBD directors and officers were replaced, and the company became a wholly owned subsidiary of Skydance.
Key Financial Metrics
Key Facts
- Skydance Corporation acquired Warner Bros. Discovery for approximately $78 billion in cash.
- Each share of WBD common stock was converted into the right to receive $31.01666668 in cash.
- WBD common stock was delisted from Nasdaq and will be deregistered under the Exchange Act.
- All WBD directors and officers ceased as of the Effective Time; new directors and officers from Merger Sub were appointed.
- WBD repaid all loans and terminated all credit commitments under its First Lien Credit Agreement and another credit agreement.
- The aggregate Ticking Consideration payable was $41,886,975.78.
- Transaction bonuses totaling up to $38.7 million were authorized for key employees; named executives received $2,142,401 (Wiedenfels), $2,946,000 (Campbell), and $2,850,000 (Perrette).
- The certificate of incorporation and bylaws of WBD were amended and restated.
Financial Impact
Approximately $78 billion aggregate Merger Consideration paid in cash. WBD shareholders received $31.01666668 per share.
Risk Factors
- Integration risk: Combining two large media organizations may face operational and cultural challenges.
- Debt load: The $78 billion acquisition was funded by a combination of equity and debt, which could increase leverage.
- Regulatory risk: Potential antitrust or regulatory scrutiny in various jurisdictions.
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-415055 |
| Document: d200872dex32.htm | 0001193125-26-415055 |
| Document: d200872dex991.htm | 0001193125-26-415055 |
| Document: d200872dex31.htm | 0001193125-26-415055 |
| Document: 0001193125-26-415055-index-headers.html | 0001193125-26-415055 |
| Document: 0001193125-26-415055-index.html | 0001193125-26-415055 |
| Document: 0001193125-26-415055.txt | 0001193125-26-415055 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | 15-15D | — | awaiting T+60 | — | — |
Oct 8, 2026 19d ago | EFFECT | $30.98 | awaiting T+60 | — | — |
Oct 8, 2026 19d ago | EFFECT | $30.98 | awaiting T+60 | — | — |
Oct 8, 2026 19d ago | EFFECT | $30.98 | awaiting T+60 | — | — |
Oct 8, 2026 19d ago | EFFECT | $30.98 | awaiting T+60 | — | — |
Oct 6, 2026 20d ago | 8-K | $30.98 | awaiting T+60 | — | — |
Oct 6, 2026 20d ago | 25-NSE | $30.98 | awaiting T+60 | — | — |
Sep 25, 2026 4w ago | Press Release | $30.90 | awaiting T+60 | — | — |
Sep 16, 2026 5w ago | Insider Cluster | $28.07 | awaiting T+60 | — | — |
Sep 14, 2026 6w ago | Insider Cluster | $28.03 | awaiting T+60 | — | — |
US Market Status
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