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Paramount Skydance extends enhanced cash offer for WBD

Story Highlights
  • Paramount Skydance amended its $30-per-share all-cash bid for WBD on December 22, 2025, strengthening financing guarantees and extending the tender offer deadline to January 21, 2026.
  • By adding a $40.4 billion personal guarantee from Larry Ellison, increasing the reverse termination fee, and criticizing WBD’s Netflix deal disclosures, Paramount escalated its challenge to WBD’s board and sought greater support from WBD shareholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Paramount Skydance extends enhanced cash offer for WBD

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Paramount Skydance ( (PSKY) ) has issued an update.

On December 22, 2025, Paramount Skydance Corporation amended and extended its previously announced $30-per-share all-cash tender offer to acquire all outstanding shares of Warner Bros. Discovery, Inc., directly challenging WBD’s agreement to pursue a separate transaction with Netflix. To address concerns raised by WBD over financing and deal certainty, Paramount added an irrevocable personal guarantee from Larry Ellison for $40.4 billion of equity financing and potential damages, committed not to revoke or strip assets from the long-standing Ellison family trust, disclosed the trust’s ownership of roughly 1.16 billion Oracle shares, enhanced operational flexibility for WBD in a proposed merger agreement, increased its regulatory reverse termination fee to $5.8 billion and maintained conditions including WBD’s continued ownership of its Global Networks business. Paramount criticized WBD’s disclosures around the Netflix deal as incomplete, argued its fully financed cash bid remains superior for WBD shareholders and stakeholders, and extended the tender offer’s expiration to January 21, 2026, with 397,252 shares reported as validly tendered as of December 19, 2025.

The most recent analyst rating on (PSKY) stock is a Sell with a $12.00 price target. To see the full list of analyst forecasts on Paramount Skydance stock, see the PSKY Stock Forecast page.

Spark’s Take on PSKY Stock

According to Spark, TipRanks’ AI Analyst, PSKY is a Neutral.

Paramount Skydance’s overall stock score reflects a company with significant challenges but also potential opportunities. The most significant factor is the financial performance, which shows profitability and growth issues. Technical analysis indicates bearish momentum, while valuation concerns persist due to a negative P/E ratio. However, the earnings call and corporate events provide some optimism with strategic investments and potential market expansion.

To see Spark’s full report on PSKY stock, click here.

More about Paramount Skydance

Paramount Skydance Corporation is a next-generation global media and entertainment company operating across Filmed Entertainment, Direct-to-Consumer and TV Media. Its portfolio spans major Hollywood and television brands including Paramount Pictures, Paramount Television, CBS, CBS News, CBS Sports, Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+ and Skydance’s Animation, Film, Television, Interactive/Games and Sports divisions, targeting global film, TV, streaming and related content markets.

Average Trading Volume: 8,773,766

Technical Sentiment Signal: Sell

Current Market Cap: $14.4B

For a thorough assessment of PSKY stock, go to TipRanks’ Stock Analysis page.

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