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PRESS-RELEASE ·Filed Sep 25, 2026

WBD

Warner Bros. Discovery, Inc.
NEUTRAL
Impact 3/10
Horizonweeks Processed1mo ago WireGlobeNewswire
Press release · M&A
Actionable Insight • Neutral

Monitor the filing of Form 25 around October 6, 2026, and any updates on the closing of the Paramount Skydance acquisition, as the delisting is contingent on that transaction. No immediate trading catalyst for WBD common stock.

DirectionNeutral
Confidencehigh
Horizonweeks
Latest settled — T+5d
WBD ▲ +0.16% at T+5d
NEUTRAL call +0.16% · α vs SPY -1.04% · entry $30.90 → $30.95
Next anchor: T+20d due 4d ago
Entry = T+0 close
Sep 25, 2026
via day close
T+1d
-0.16%
call -0.16% · α +0.02%
$30.85
settled 29d ago
T+5d
+0.16%
call +0.16% · α -1.04%
$30.95
settled 25d ago
T+20d
Pending
due 4d ago
T+60d
Pending
in 8w

Price Chart

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Executive Summary

Warner Bros. Discovery announced its intention to voluntarily delist two series of Euro Notes (4.302% Senior Notes due 2030 and 4.693% Senior Notes due 2033) from the Nasdaq Global Market, and to deregister them under the Exchange Act, in connection with its pending acquisition by Paramount Skydance Corporation. The delisting is expected to become effective around October 16, 2026, and will not affect the terms of the notes. This is a routine procedural step tied to the acquisition process, with no material financial impact on WBD's equity or operations.

Key Facts

  • WBD intends to voluntarily delist two Euro Note series (4.302% due 2030 and 4.693% due 2033) from Nasdaq Global Market.
  • The delisting is in connection with the pending acquisition of WBD by Paramount Skydance Corporation (PSKY).
  • WBD expects to file Form 25 with the SEC on or around October 6, 2026; delisting effective 10 days later.
  • After delisting, WBD will file Form 15 to deregister the Euro Notes and suspend reporting obligations under the Exchange Act.
  • No arrangements have been made for listing or quotation of the Euro Notes on another exchange or medium.
  • The voluntary delisting and deregistration will not affect the terms of the Euro Notes.

Financial Impact

No financial impact stated; the delisting and deregistration are administrative actions tied to the pending acquisition.

Risk Factors

  • Delisting may reduce liquidity for Euro Note holders, though terms remain unchanged.
  • If the acquisition fails to close, the delisting and deregistration may be delayed or reversed.

Investment Themes

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

DocumentAccession Number
PRESS-RELEASE Data (Synthetic)press-prn-302890662
43 reports for WBD
Performance horizon
67% Hit rate @ T+60 4 of 6 directional calls Went positive at some point 7 of 12 best @ T+20▲ +10.37%Jul 22, 2026
Filters
Rows
Reports for WBD — sortable, filterable
TypeNow
Oct 16, 2026
11d ago
15-15D
NEUTRAL ★ 5/10
—awaiting T+60——
Oct 8, 2026
19d ago
EFFECT
NEUTRAL ★ 3/10
$30.98awaiting T+60——
Oct 8, 2026
19d ago
EFFECT
NEUTRAL ★ 3/10
$30.98awaiting T+60——
Oct 8, 2026
19d ago
EFFECT
NEUTRAL ★ 3/10
$30.98awaiting T+60——
Oct 8, 2026
19d ago
EFFECT
NEUTRAL ★ 3/10
$30.98awaiting T+60——
Oct 6, 2026
21d ago
8-K
MIXED ★ 7/10
$30.98awaiting T+60——
Oct 6, 2026
21d ago
25-NSE
NEUTRAL ★ 4/10
$30.98awaiting T+60——
Sep 25, 2026
4w ago
Press Release
NEUTRAL ★ 3/10
$30.90awaiting T+60——
Sep 16, 2026
5w ago
Insider Cluster
NEUTRAL ★ 4/10
$28.07awaiting T+60——
Sep 14, 2026
6w ago
Insider Cluster
NEUTRAL ★ 3/10
$28.03awaiting T+60——
Showing 10 of 43

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Report published Sep 25, 2026