Paramount Skydance’s $31 Bid Clears Path to Warner Bros Assets, Faces $79B Debt
Paramount Skydance's $31 per share all-cash bid for Warner Bros Discovery's studio and streaming assets is now unopposed after Netflix withdrew its $27.75 offer. PSKY posted a Q4 2025 net loss of $573 million on $29.03 billion revenue, served 78.9 million subscribers and faces $79 billion debt after the merger.
1. Acquisition Path Clear
Paramount Skydance's $31 per share all-cash bid for Warner Bros Discovery's studio and streaming assets is now unopposed after Netflix withdrew its $27.75 offer, giving PSKY undisputed acquisition rights.
2. Q4 Performance and Debt Outlook
PSKY posted a Q4 2025 net loss of $573 million on $29.03 billion revenue, served 78.9 million Paramount+ subscribers and faces $79 billion debt upon deal completion.
3. Fiscal 2026 Targets
The company is targeting $30 billion in revenue and $3.8 billion in adjusted EBITDA for fiscal 2026, aiming to leverage the Warner Bros assets to accelerate streaming growth.