---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-123496"
form_type: "8-K"
ticker: "PSKY"
cik: "0002041610"
company_name: "Paramount Skydance Corp"
filed_at: "2025-12-22T23:59:59+00:00"
generated_at: "2026-05-16T12:29:02.936070+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Paramount sweetens $30/sh WBD bid with Ellison personal guarantee, extends tender to Jan 21

## Summary
- Larry Ellison provides irrevocable personal guarantee of $40.4B equity financing and damages claims.
- Ellison family trust holds ~1.16B Oracle shares; revocation and asset transfer blocked during pendency.
- Regulatory reverse termination fee raised to $5.8B to match Netflix's deal; offer conditioned on 100% Global Networks.
- Tender offer extended to 5:00pm ET Jan 21, 2026; 397,252 shares tendered as of Dec 19.
- Revised merger agreement offers WBD more flexibility on debt refinancing and interim operating covenants.

## SEC filing metadata
- accession: 0001104659-25-123496
- form_type: 8-K
- ticker: PSKY
- cik: 0002041610
- company_name: Paramount Skydance Corp
- filed_at: 2025-12-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2041610/000110465925123496/0001104659-25-123496-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2041610/000110465925123496/tm2533570d15_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-123496
- JSON: https://secwatch.observer/filing/0001104659-25-123496.json
- Plain text: https://secwatch.observer/filing/0001104659-25-123496.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.