Paramount Skydance completes acquisition of Warner Bros. Discovery, forms Skydance group
SKYD•Paramount Skydance completed its acquisition of Warner Bros. Discovery, forming a combined company named Skydance. WBD shareholders received $31.01666668 per share in cash; Skydance targets at least $6 billion in run-rate synergies within three years and expects more than $10 billion in free cash flow by 2030.
1. Acquisition completed
Paramount Skydance completed its acquisition of Warner Bros. Discovery, forming a combined company named Skydance. WBD shareholders received $31.01666668 per share in cash, and WBD shares ceased trading on Nasdaq; Skydance Class B shares began trading on the NYSE under ticker SKYD. The combined group targets at least $6 billion in run-rate synergies within three years and expects more than $10 billion in free cash flow by 2030; it reported nearly $70 billion in revenue.
