Paramount Skydance completes deal as Warner Bros. Discovery stock stops trading

Published on 10/06/2026 at 17:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

WBD holders received USD 31.02 cash per share on October 6, 2026. Warner Bros. Discovery stock last at EUR 27.61 after EUR 27.48.

Makrofoto eines Filmstreifens mit Perforation, Detailmotiv Warner Bros. Disc. US9344231041 — Makroaufnahme eines belichteten Filmstreifens veranschaulicht das Kerngeschäft von Warner Bros. Disc., ISIN US9344231041, im Detail, Illustration mit AI erstellt.

Warner Bros. Discovery (ISIN US9344231041) shareholders received USD 31.02 per share in cash as Paramount Skydance completed the acquisition on October 6, 2026, according to StockTitan. Warner Bros. Discovery common stock ceased trading on Nasdaq, ending the public-market life of the WBD ticker.

Cash consideration closes the deal

The completed transaction creates Skydance, combining Warner Bros., HBO, CNN, CBS and Paramount entertainment assets under one company. The consideration was USD 31.01666668 per share before rounding, while the visible market headline is USD 31.02.

The deal also sets a financial integration test. The combined company targets USD 6.00 billion or more in run-rate synergies over three years and net leverage of 3.00 times by the end of 2029, according to StockTitan. Those targets shift the investor question from WBD share-price upside to execution across studios, television and streaming.

Streaming results frame the handover

Warner Bros. Discovery entered the transaction with USD 8.72 billion of revenue in the second quarter of 2026 and USD 0.06 of earnings per share, according to Yahoo Finance. Revenue declined 11.20 percent year over year, while earnings per share compared with USD 0.63 in the same quarter a year earlier.

The streaming division provided a contrasting operating signal in that same second quarter. Streaming revenue exceeded USD 3.00 billion for the first time, and adjusted streaming EBITDA reached USD 512.00 million, up more than 60.00 percent year over year, as reported by ScanX. The contrast matters because the newly combined business must preserve streaming profitability while absorbing a large portfolio of traditional television assets.

Xetra quote precedes suspension

The last Xetra indication stood at EUR 27.61 on October 6, 2026 at 7:30 a.m. CEST, versus the Xetra close of EUR 27.48 on October 5, 2026. The quoted move was plus 0.45 percent before trading was suspended.