Paramount Skydance completes acquisition of Warner Bros. Discovery, forms Skydance group

Paramount Skydance completed its acquisition of Warner Bros. Discovery, forming a combined company named Skydance. WBD shareholders received USD 31.01666668 per share in cash; WBD shares ceased trading on Nasdaq. Skydance Class B shares began trading on the NYSE under ticker SKYD. The combined group targets at least USD 6 billion in run-rate synergies within three years. Skydance expects more than USD 10 billion of free cash flow by 2030; it reported nearly USD 70 billion in revenue. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Paramount Skydance Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-113913), on October 06, 2026, and is solely responsible for the information contained therein. (C)