---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-005609"
form_type: "8-K"
ticker: "PSKY"
cik: "0002041610"
company_name: "Paramount Skydance Corp"
filed_at: "2026-01-22T23:59:59+00:00"
generated_at: "2026-05-16T09:02:42.307722+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Paramount Skydance extends WBD tender offer to Feb 20, files proxy to oppose Netflix merger

## Summary
- Paramount extended its $30/share all-cash tender offer for Warner Bros. Discovery to February 20, 2026.
- Paramount filed a preliminary proxy to solicit WBD shareholders to vote against the Netflix merger at WBD's special meeting.
- Paramount claims the Netflix transaction's enterprise value of $82.7B is inferior to its $108.4B offer.
- If debt allocated to Discovery Global, Netflix consideration could drop to ~$23.20/share, below Paramount's $30.
- As of Jan 21, 2026, 168,511,695 WBD shares were validly tendered into Paramount's offer.

## SEC filing metadata
- accession: 0001104659-26-005609
- form_type: 8-K
- ticker: PSKY
- cik: 0002041610
- company_name: Paramount Skydance Corp
- filed_at: 2026-01-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2041610/000110465926005609/0001104659-26-005609-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2041610/000110465926005609/tm2533570d39_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-005609
- JSON: https://secwatch.observer/filing/0001104659-26-005609.json
- Plain text: https://secwatch.observer/filing/0001104659-26-005609.txt

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