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Today's Brief

Warner Bros. Discovery, Inc.

WBD/Paramount Skydance CorporationPSKY

WBD shareholders to vote on Paramount Skydance merger at $31/share

CashVote Scheduledhigh confidence

Merger Arbeconomics, downside, days

Deal value

cash

Per-share offer

Premium

Days to close

Term fee

Spread Calculator

Manual price entry · saved per ticker

Offer
Gross spread
Spread %
Annualizedno close date
ConsiderationCash
AnnouncedApr 24, 2026
Days outstanding84d
Expected close
Termination fee
Reverse term fee
Go-shop period
Fiduciary out
Financing condition
Debt commitment
Insider lock-up

No structured deal economics extracted yet. Re-run the scanner or fall back to the source filing below.


Timelineannounced → close
  1. Announced

    Apr 24, 2026

  2. Preliminary Proxy

  3. Definitive Proxy

  4. Record date

  5. Shareholder vote

    Apr 23, 2026

  6. Expected close


Vote Mechanicsrecord / mailing / vote
Vote required85d post-vote
Vote dateApr 23, 2026
Record date
Mailing date
Record → vote
Thresholda majority of the outstanding shares of WBD Common Stock
Min approvalparsed50.01% of outstanding
Shares outstanding
Insider lock-up

Regulatory & ConditionsHSR / EU / CFIUS / MAC

No regulatory or closing-conditions data extracted yet. The merger agreement Exhibit 10.1 contains this in the “Conditions to Closing” and “Regulatory Approvals” articles.


Closing Conditionsapprovals · vote · financing · lockups
0 done · 1 pending · 1 total
  • Shareholder approval· a majority of the outstanding shares of WBD Common Stock

Interloper Riskcompeting bids, activist filers

No competing-bidder, activist, or dissident-proxy signals in the database for this target.


Advisors

Acquirer side· Paramount Skydance Corporation

None on record

Target side· Warner Bros. Discovery, Inc.


Counterparty Historyprior deals in DB
FirmRoleSideDeals in DB
J.P. Morgan Securities LLCFinancialTarget5View deals →

Filing Timelineevery filing on this issuer
  1. Apr 24, 2026this filing

    WBD shareholders to vote on Paramount Skydance merger at $31/share


Sources

Warner Bros. Discovery stockholders will vote on April 23, 2026 to approve a merger with Paramount Skydance Corporation, pursuant to an Agreement and Plan of Merger dated February 27, 2026. Under the deal, WBD shareholders will receive $31.00 per share in cash, plus potential ticking consideration if closing occurs after September 30, 2026. The transaction values WBD at approximately $55 billion and represents a strategic combination to create a combined entertainment powerhouse.

Item id: 0ad9d786-f4ba-4866-9df1-27bc7d32eefa · ingested Apr 24, 2026