Paramount Skydance to Distribute Warrants Tied to Warner Bros. Discovery Deal

Paramount Says Timing for Warner Bros. Deal Close ‘If Any’ Is ‘Not Yet Certain’ but Pencils In Oct. 5 Date to Issue PSKY Shareholders Warrants Tied to WBD Merger

Paramount Skydance's $111 billion agreement to merge with Warner Bros. Discovery is not quite a done deal, but the company is preparing for the deal to close within the next few weeks.

Filing: Paramount prepares to close the WBD deal by setting a date to distribute stock warrants in a new entity, but says the closing date is not yet certain (Todd Spangler/Variety)

Todd Spangler / Variety: Filing: Paramount prepares to close the WBD deal by setting a date to distribute stock warrants in a new entity, but says the closing date is not yet certain  —  In an SEC filing Friday, Paramount said its board on Sept. 25 “determined to voluntarily withdraw the listing of its Class B common stock” …

Paramount Skydance to Distribute Warrants Tied to Warner Bros. Discovery Deal

Paramount Skydance Corporation plans to issue roughly 470 million warrants to eligible holders of its Class B Common Stock in connection with its acquisition of Warner Bros. Discovery, according to an exhibit filed with the SEC. The post Paramount...