Paramount Skydance Corporation and Warner Bros. Discovery, Inc. said their merger is expected to close on October 6, 2026, subject to customary closing conditions. Under the February 27, 2026, Merger Agreement, each eligible outstanding WBD common share would convert into cash consideration of $31.00 plus $0.00277778 for every calendar day elapsed after September 30, 2026, through the closing date. If closing occurs on October 6, the consideration would be $31.01666668 per share, without interest. The companies cautioned that the anticipated timing and completion remain subject to risks including unsatisfied closing conditions, termination rights, litigation, financing, market conditions and effects on employees, customers and business partners.