Meanwhile, Semafor reported in late May, citing unnamed sources, that U.S. antitrust regulators seem ready to approve the deal. \u00a0<\/p>\n
While PSKY shares<\/a> edged 1.4% lower at the time of writing, WBD<\/a> traded flat.<\/p>\n Deal Background<\/p>\n Paramount Skydance announced the definitive agreement to acquire Warner Bros. Discovery in February. Under the terms, Paramount Skydance will pay $31 per share in cash for all outstanding shares of Warner Bros. Discovery, valuing the equity portion at roughly $81 billion and the total enterprise value at about $110 billion.<\/p>\n The deal emerged after a months-long bidding process. Warner Bros. Discovery had explored splitting into two companies before putting itself up for auction in late 2025. Netflix initially expressed interest but ultimately stepped away, clearing the path for Paramount Skydance \u2014 led by CEO David Ellison, son of Oracle co-founder Larry Ellison \u2014 to prevail.<\/p>\n Warner Bros. Discovery shareholders overwhelmingly approved the merger in April.<\/p>\n Both companies\u2019 boards unanimously backed the transaction, describing it as the creation of a \u201cnext-generation global media and entertainment company\u201d that would expand consumer choice, strengthen content pipelines, and better compete in a streaming-dominated landscape.<\/p>\n Regulatory Path<\/p>\n The deal still requires clearances from multiple regulators, including U.S. authorities such as the Department of Justice and Federal Communications Commission, as well as bodies in the United Kingdom and elsewhere.<\/p>\n The companies have targeted a third-quarter 2026 closing, subject to all remaining regulatory approvals and other customary conditions. It will forge one of the largest entertainment conglomerates in history by uniting two iconic studios\u2019 vast film and TV libraries \u2014 from Warner\u2019s Harry Potter, DC Comics, and HBO Max originals to Paramount\u2019s Mission: Impossible franchise and CBS network assets \u2014 while combining Paramount+ and HBO Max into a single streaming powerhouse potentially serving nearly 200 million subscribers.<\/p>\n How Did PSKY, WBD Retail Traders React?<\/p>\n On Stocktwits, retail sentiment around PSKY stayed within the \u2018extremely bullish\u2019 territory while message volume fell from \u2018extremely high\u2019 to \u2018high\u2019 levels.<\/p>\n Meanwhile, sentiment around WBD remained at \u2018bullish\u2019 levels, coupled with \u2018high\u2019 retail chatter.<\/p>\n While PSKY shares have fallen 8% over the past 12 months, WBD has gained 173%.\u00a0<\/p>\n Read More: DE, AGCO, CNH Stocks Get A Boost From Citi After Trump Slashes Agri Equipment Tariffs \u2013 Firm Calls It \u2018Incremental Positive\u2019 For The Sector<\/a><\/p>\n For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/p>\n
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