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AI brief of an SEC Form 8-K · Skydance (SKYD)

Skydance completes Warner Bros. Discovery acquisition, issues $41.4 billion in notes

Mixed Impact 5 of 5 m&a Written later

Skydance Corporation, formerly Paramount Skydance, completed its acquisition of Warner Bros. Discovery on October 6, 2026, and began trading as SKYD on the NYSE under the new name. The company issued $41.4 billion of senior secured notes on October 5 to help finance the deal, and the filing estimates total cash consideration to WBD shareholders at $78.0 billion, so the transaction adds substantial debt and share issuance for existing shareholders.

Key points

  • WBD shareholders receive $31.00 per share in cash plus ticking consideration; the press release cites $31.01666668 per share
  • Company issued $41.4 billion of senior secured notes on October 5, 2026, including $30.0 billion first lien and $11.4 billion second lien dollar notes plus €885 million euro notes
  • Equity investors bought about 3,918 million new Class B shares at $12.00 per share
  • Management targets at least $6 billion in run-rate synergies within three years and net leverage of 3.0x by the end of 2029

The filing

CompanySkydance (SKYD)
Form8-K, current report
Filed with the SECOct 6, 2026, 9:08 AM ET
Accession number0001104659-26-113913

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.01 Acquisition or Disposition Completed2.03 New Direct Financial Obligation3.02 Unregistered Equity Sale5.02 Director / Officer Change5.03 Bylaw / Charter Amendment5.07 Shareholder Vote Results7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 06, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.