MergerApr 30, 2026, 07:02 AM
WBD to be acquired by Paramount Skydance; Stock +164% since early 2025
AI Summary
Warner Bros. Discovery (WBD) announced its acquisition by Paramount Skydance Corporation, with WBD stockholders receiving $31.00 per share. This follows a strategic review and a competitive bidding process, resulting in a 164% stock price increase from early 2025 to the merger agreement signing. The company also reported strong 2025 performance, with Studios Adjusted EBITDA up 54% and Streaming subscribers surpassing 130 million. The Annual Meeting is scheduled for June 9, 2026, to vote on director elections, auditor ratification, executive compensation, and a stockholder proposal.
Key Highlights
- WBD to be acquired by Paramount Skydance Corporation.
- WBD stockholders to receive $31.00 per share (plus ticking fee).
- WBD stock price increased 164% from early 2025 to merger agreement signing.
- Consideration represents a 147% premium to WBD's unaffected stock price of $12.54.
- Paramount merger expected to complete in Q3 2026.
- 2025 Studios Adjusted EBITDA increased 54% to $2.55 billion.
- Streaming segment exceeded 130 million subscribers globally.
- Annual Meeting on June 9, 2026, to elect directors and ratify auditor.