NASDAQ:WBD 20 February 2026 - 4 June 2026

Paramount Skydance (NASDAQ:PSKY)-Warner Bros Discovery (NASDAQ:WBD) deal faces UK delay risk as $650 million fee lifts pressure
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Paramount Skydance (NASDAQ:PSKY)-Warner Bros Discovery (NASDAQ:WBD) deal faces UK delay risk as $650 million fee lifts pressure

Britain’s threat to review Paramount Skydance Corp’s $110 billion purchase of Warner Bros Discovery has become a balance-sheet risk for investors after a weekend report that Chancellor Rachel Reeves was angry at Culture Secretary Lisa Nandy’s challenge to the Hollywood deal. Nandy has not blocked the takeover. She said she was “minded” to intervene on public-interest grounds tied to news plurality, media control and on-demand services, and gave the companies until July 6 to respond. If she issues an intervention notice, Ofcom would assess public-interest issues and the Competition and Markets Authority would assess the merger; the CMA already has an Aug. 7 Phase 1 deadline.
July 5, 2026
Warner Bros. Discovery Faces $31 Merger Bar as Regulators Step In
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Warner Bros. Discovery Faces $31 Merger Bar as Regulators Step In

Warner Bros. Discovery traded just under $27 on Nasdaq Thursday, still sitting below the $31-a-share cash offer from Paramount Skydance. Investors watched for a regulatory decision on the deal. Shares were last at $26.97, off 0.1%, after swinging between $26.93 and $27.29 during the session. Deal spread in focus as WBD trades 13% below bid Warner Bros. Discovery shares are now about 13% under the Paramount offer price. In deal trading, that spread—the gap between a target's share price and the takeover offer—is often a sign of the risk investors see, including timing, approvals or a possible failed deal. WBD said in March that the Paramount agreement would pay shareholders $31 per share in cash, with an extra 25-cent “ticking
June 4, 2026
Warner-Paramount Merger Clears $111 Billion Hurdle as Zaslav’s $887 Million Payday Gets Rejected
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Warner-Paramount Merger Clears $111 Billion Hurdle as Zaslav’s $887 Million Payday Gets Rejected

Paramount Skydance’s acquisition of Warner Bros. Discovery cleared the shareholder hurdle, with investors backing the deal but rejecting the associated executive pay package—sending a clear signal to CEO David Zaslav and his team. According to a filing, 1.74 billion votes supported the merger, just 16.3 million opposed, but when it came to the pay proposal, 1.44 billion shareholders voted no. This vote pushes the $110 billion-plus merger past shareholders, giving regulators the next move. Back in late March, the U.S. Justice Department issued subpoenas targeting studio output, content rights, streaming competition, and theaters. London and European officials are also set to review the deal.
April 26, 2026