---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-089245"
form_type: "8-K"
ticker: "PSKY"
cik: "0002041610"
company_name: "Paramount Skydance Corp"
filed_at: "2026-07-31T20:27:36+00:00"
generated_at: "2026-07-31T20:29:22.212263+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Paramount Skydance files pro forma for $77.8B WBD buy; $31/share cash, $46.7B equity financing

## Summary
- Total cash consideration for WBD shareholders: $77.8B ($31.00/share) plus ticking consideration up to $0.25/90 days.
- Equity financing of $46.7B from Ellison trust and $250M from RedBird, syndicated to PIF, QIA, LionTree, and others.
- Debt financing includes $5B Pro Rata Credit Agreement ($2.5B Term A-1, $2.5B Term A-2, $5B revolver) and $49B bridge facility, to be replaced by up to $51.9B New Permanent Financing.
- Pro forma financials assume acquisition closes before Sept 30, 2026; no ticking consideration included.
- Warrants issued to existing Paramount Class B holders: one 10-year warrant per share, exercise price at Syndication Purchase Price (floor $12, ceiling $16.02).

## SEC filing metadata
- accession: 0001104659-26-089245
- form_type: 8-K
- ticker: PSKY
- cik: 0002041610
- company_name: Paramount Skydance Corp
- filed_at: 2026-07-31T20:27:36+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2041610/000110465926089245/0001104659-26-089245-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2041610/000110465926089245/tm2610616d8_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-089245
- JSON: https://secwatch.observer/filing/0001104659-26-089245.json
- Plain text: https://secwatch.observer/filing/0001104659-26-089245.txt

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