MergerOct 13, 2026, 08:26 AM
Skydance Completes WBD Acquisition; Distributes Warrants, Settles Debt Offers
AI Summary
Skydance Corporation announced the completion of its acquisition of Warner Bros. Discovery, Inc. (WBD) on October 6, 2026. Following the merger, Skydance distributed warrants to purchase its Class B Common Stock to eligible shareholders. The company also finalized exchange offers for WBD's senior notes, issuing significant amounts of new notes in exchange. Trading for the new warrants is set to commence on the NYSE.
Key Highlights
- Skydance Corporation completed its acquisition of Warner Bros. Discovery, Inc. (WBD) on October 6, 2026.
- Skydance Corporation distributed 470,746,773 warrants to purchase Class B Common Stock on October 13, 2026.
- The warrants have an initial exercise price of $12.00 per share and are listed on the NYSE under SKYD WS.
- Skydance Corporation completed exchange offers for WBD's senior notes, issuing $11,983,970,000 and €546,547,000 in new notes.
- Approximately 99.15% of aggregate principal amount of Existing Exchange Offer Notes were tendered.
- Approximately 98.83% of aggregate principal amount of Existing Tender Offer Notes were tendered.
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