Traders should monitor the progress of regulatory approvals and the outcome of the shareholder vote. The significant premium and all-cash nature of the deal make it highly likely to close, but any delays or regulatory hurdles could create short-term trading opportunities.
Price Chart
Executive Summary
Warner Bros. Discovery (WBD) is being acquired by Paramount Skydance Corporation (PSKY) in an all-cash transaction valued at $31.00 per share, plus potential 'ticking' consideration if the deal closes after September 30, 2026. The WBD board unanimously recommends that shareholders vote in favor of the merger, which is subject to shareholder approval and regulatory clearances.
Key Facts
- WBD is being acquired by PSKY in an all-cash transaction.
- The offer price is $31.00 per share, plus potential 'ticking' consideration of $0.00277778 per calendar day if the deal closes after September 30, 2026.
- The offer represents a 147% premium to WBD's unaffected stock price prior to media reports of the bid.
- The WBD board unanimously recommends the merger.
- The deal is subject to shareholder approval and regulatory clearances.
- The merger consideration is all-cash, providing certainty of value to WBD shareholders.
Financial Impact
The transaction values WBD at approximately $81.1 billion based on the $31.00 per share offer price.
Risk Factors
- Regulatory approval may be delayed or denied.
- WBD shareholders may not approve the merger.
- The deal could face litigation.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| PREM14A Filing (Primary) | 0001193125-26-108369 |
| Document: d115093dexfilingfees.htm | 0001193125-26-108369 |
| Document: 0001193125-26-108369-index-headers.html | 0001193125-26-108369 |
| Document: 0001193125-26-108369-index.html | 0001193125-26-108369 |
| Document: 0001193125-26-108369.txt | 0001193125-26-108369 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 4w ago | Insider Cluster | $28.07 $30.76 | ▲ +9.58% | ▲ +7.02% | — |
Sep 14, 2026 5w ago | Insider Cluster | $28.10 $30.80 | ▲ +9.61% | ▲ +9.50% | — |
Sep 12, 2026 5w ago | Insider Cluster | $28.10 $30.80 | ▲ +9.61% | ▲ +9.50% | — |
Sep 11, 2026 5w ago | 144 | $28.04 $27.80 | ▼ −0.86% | ▼ −0.63% | — |
Sep 10, 2026 5w ago | Insider Cluster | $28.04 $27.80 | ▼ −0.86% | ▼ −0.63% | — |
Sep 4, 2026 6w ago | Insider Cluster | $28.12 $28.03 | ▼ −0.32% | ▲ +0.80% | — |
Sep 3, 2026 6w ago | 144 | $28.25 $28.10 | ▼ −0.53% | ▲ +0.68% | — |
Sep 3, 2026 6w ago | 144 | $28.37 $28.04 | ▼ −1.16% | ▼ −0.01% | — |
Aug 15, 2026 9w ago | Insider Cluster | $27.93 $28.70 | ▲ +2.76% | ▲ +3.95% | — |
Aug 14, 2026 9w ago | Insider Cluster | $27.99 $28.55 | ▼ −2.00% | ▼ −3.37% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access