---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-012401"
form_type: "8-K"
ticker: "PSKY"
cik: "0002041610"
company_name: "Paramount Skydance Corp"
filed_at: "2026-02-10T23:59:59+00:00"
generated_at: "2026-05-16T03:41:05.415638+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Paramount Skydance enhances all-cash offer for Warner Bros. Discovery to $30/share with ticking fee and other provisions

## Summary
- Offer price $30/share all-cash plus $0.25/share quarterly ticking fee from Jan 1, 2027 if not closed.
- Paramount to fund $2.8B termination fee to Netflix and backstop $1.5B debt exchange cost.
- Fully financed with $43.6B equity and $54B debt commitments; Larry Ellison personal guarantee of $43.3B.
- Complied with DOJ second request on Feb 9, 2026; German clearance obtained Jan 27, 2026.
- Will solicit proxies against Netflix transaction; urges WBD shareholders to tender shares.

## SEC filing metadata
- accession: 0001104659-26-012401
- form_type: 8-K
- ticker: PSKY
- cik: 0002041610
- company_name: Paramount Skydance Corp
- filed_at: 2026-02-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- 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/2041610/000110465926012401/0001104659-26-012401-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2041610/000110465926012401/tm2533570d50_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-012401
- JSON: https://secwatch.observer/filing/0001104659-26-012401.json
- Plain text: https://secwatch.observer/filing/0001104659-26-012401.txt

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