secwatch.observer — SEC 8-K summary
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Issuer:     Paramount Skydance Corp (PSKY)
CIK:        0002041610
Form:       8-K
Filed at:   2026-03-02T23:59:59+00:00
Accession:  0001104659-26-021911
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paramount Skydance agrees to buy Warner Bros. Discovery for $31.00 per share cash, backed by Ellison and RedBird.
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- Merger consideration of $31.00 per WBD share in cash, plus ticking consideration after Sep 30, 2026.
- Ellison Trust and RedBird commit up to $46.97B in equity financing via subscription agreements.
- WBD termination fee of $3B payable to PSKY; PSKY regulatory termination fee of $7B payable to WBD.
- PSKY paid $2.8B to Netflix to terminate prior merger agreement; closing not subject to financing condition.
- Closing requires WBD stockholder approval, HSR clearance, and no legal impediment; End Date March 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2041610/000110465926021911/0001104659-26-021911-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2041610/000110465926021911/tm2533570d75_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-021911

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer