Paramount Skydance Extends Tender Offer in WBD Battle

Paramount Skydance ( (PSKY) ) just unveiled an announcement.

On January 22, 2026, Paramount Skydance Corporation announced it had filed preliminary proxy materials with the U.S. Securities and Exchange Commission to lobby Warner Bros. Discovery shareholders to vote against Warner Bros. Discovery’s amended merger agreement with Netflix, and extended its $30 per share all-cash tender offer for Warner Bros. Discovery’s Series A common stock to February 20, 2026, valuing the target at an enterprise value of $108.4 billion versus the $82.7 billion enterprise value ascribed to the Netflix deal. Paramount argued that the consideration WBD investors would receive under the Netflix transaction is materially lower and more uncertain than its cash proposal, particularly given leverage assumptions for the carved-out Discovery Global business, and criticized the WBD board for withholding detailed information on Discovery Global’s capital structure while seeking shareholder approval. The company also highlighted what it described as substantial regulatory risks to the Netflix combination, especially in Europe where Netflix already dominates streaming, contending that a WBD–Netflix tie-up would deepen market concentration and harm consumers and content creators, whereas a Paramount–WBD combination would be more pro‑competitive; Paramount reported that roughly 168.5 million WBD shares had been validly tendered as of late January 21, 2026, underlining the intensity of the contest for control and the potential for a realignment of power among major U.S. entertainment and streaming players.

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.

The score is primarily held back by weak financial performance (losses, negative ROE, and limited growth) and bearish technical conditions (below key moving averages with negative MACD). Offsetting factors include a somewhat supportive earnings outlook driven by D2C growth and cost-efficiency targets, plus a modest dividend yield and generally positive corporate developments.

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

More about Paramount Skydance

Paramount Skydance Corporation is a global media and entertainment company operating across three main segments: Studios, Direct-to-Consumer and TV Media. Its portfolio spans major film and television brands and platforms, including Paramount Pictures, Paramount Television, CBS broadcast and news operations, CBS Sports, Nickelodeon, MTV, BET, Comedy Central, Showtime, the Paramount+ streaming service, and Skydance’s animation, film, television, interactive/games and sports divisions, positioning the group as a diversified content producer and distributor in the global entertainment and streaming markets.

Average Trading Volume: 8,686,194

Technical Sentiment Signal: Sell

Current Market Cap: $12.75B

Learn more about PSKY stock on TipRanks’ Stock Analysis page.