Paramount Skydance to pay $110 Bln for Warner Bros. Discovery, declares $0.05 dividend
Paramount Skydance won the $110 billion Warner Bros. Discovery bid and agreed to pay the breakup fee, with a shareholder vote scheduled for next week. The company’s board declared a $0.05 quarterly cash dividend payable July 1 to holders of record as of June 15, 2026.
1. Paramount Skydance Wins Warner Bros. Discovery Bid
Paramount Skydance emerged victorious in the competitive auction for Warner Bros. Discovery by offering $110 billion and agreeing to cover the breakup fee from the prior negotiations. This acquisition positions the company to significantly expand its content library and global distribution reach.
2. Shareholder Vote Scheduled
Warner Bros. Discovery shareholders are set to vote next week on the $110 billion offer, marking a critical milestone before closing the deal. Approval will enable Paramount Skydance to integrate Discovery’s studios, networks and streaming assets into its portfolio.
3. Quarterly Cash Dividend Declared
The Board of Directors declared a $0.05 per share quarterly cash dividend payable on July 1, 2026, to shareholders of record as of June 15, 2026. This payout underscores the company’s commitment to returning capital while funding its strategic expansion.