Paramount Skydance CorporationNasdaq: PSKY

No material news in the last 48 hours. The DOJ's approval of the $111B Warner Bros. Discovery acquisition was reported June 12, which falls outside the 48-hour window.

The U.S. Department of Justice approved Paramount Skydance's pending acquisition of Warner Bros. Discovery, concluding an roughly 8-month antitrust review and finding the deal would not harm competition or consumers. The transaction, valued at approximately $111 billion, is a major catalyst for PSKY, which trades near $10.49 with an ~$11.7B market cap. Separately, on June 12, 2026 Paramount Skydance extended the expiration dates on previously announced cash tender offers tied to the deal to July 1, 2026. The DOJ clearance removes a significant U.S. regulatory hurdle, though European Union officials are still reviewing the merger over financing from three Middle Eastern sovereign wealth funds (Saudi PIF, Abu Dhabi's L'IMAD Holding, and the Qatar Investment Authority). The bear case: the EU probe and the deal's heavy reliance on foreign capital could delay or restructure terms, and integration risk plus a leveraged balance sheet weigh on a stock already down sharply from its 52-week high of $20.86. Analyst targets remain wide, averaging $11.29 with a low of $7.00.

Justice Department approves Paramount Skydance's acquisition of Warner Bros. Discoverynbcnews.comParamount Skydance extends offer deadlines to July 1stocktitan.netParamount Skydance merger with Warner Bros. Discovery won't harm competition, DOJ sayssentinelcolorado.com

On June 13, 2026, the US Department of Justice closed its eight-month antitrust probe and approved Paramount Skydance's roughly $110-111 billion acquisition of Warner Bros. Discovery, concluding the deal would increase competition across streaming, traditional TV and theatrical distribution. The review examined more than two million documents and removes the primary US regulatory obstacle to combining two historic Hollywood studios. PSKY also extended its tender and exchange offer deadlines to July 1 to align with the WBD timeline, and separately launched a unified Paramount Games Studio. The clearance is a major catalyst, though shares remain well below their 52-week high near $20.86 (recently ~$10.74). Key risks: ongoing political opposition (Senator Warren called approval "terrible news"), a pending EU review scrutinizing financing from three Middle Eastern sovereign wealth funds, and heavy integration/leverage from a deal of this scale.

DOJ clears Paramount Skydance acquisition of Warner Bros. Discoveryfoxbusiness.comJustice Department approves Paramount Skydance acquisition of Warner Bros. Discoverynbcnews.comParamount Skydance extends offer deadlines to July 1stocktitan.net

On June 12-13, 2026, the DOJ's Antitrust Division approved Paramount Skydance's ~$110-111 billion takeover of Warner Bros. Discovery without requiring divestitures or behavioral remedies; PSKY shares rose about 3% on the news. CEO David Ellison told investors the deal is on track to close by September, though it still needs EU clearance (a July 14 deadline) and faces active state-level reviews, including from California AG Rob Bonta. Separately, on June 12, 2026, Paramount extended the expiration of its tender and exchange offers for notes issued by Discovery Global Holdings to July 1, 2026. The bear case: PSKY trades near multi-year lows (~$10.74 vs. a 52-week high of $20.86), the deal layers on substantial debt and integration risk, and remaining EU and state regulatory reviews could still impose conditions or delay the September close.

Paramount-WBD merger wins approval from DOJcnbc.comDOJ approves Paramount Skydance's $111 billion acquisition of Warner Bros. Discoverynpr.orgParamount Skydance extends offer deadlines to July 1stocktitan.net

On May 19, 2026, Paramount Skydance launched cash tender offers (up to $2.4 billion) and exchange offers (up to $12.8 billion) for notes issued by Discovery Global Holdings and Discovery Communications as part of financing for its planned Warner Bros. Discovery acquisition. The company is targeting more than $6 billion in cost and revenue synergies post-close, with ~30% realized within year one, 70% by year two, and full run-rate by year three. CEO David Ellison will receive a $50 million cash award and $100 million in restricted stock units upon deal closing. The merger has drawn congressional scrutiny. Guggenheim's Michael Morris lowered the PSKY price target to $12 (from $14) with a Neutral rating. Shares traded $9.72-$10.19 on May 20.

Paramount Skydance Launches Major Notes Exchange for Mergertipranks.comParamount Skydance outlines WBD buyout debt plan and leverage goalsstocktitan.netParamount Skydance (PSKY) earnings Q1 2026cnbc.com

Paramount Skydance launched cash tender and exchange offers on May 19, 2026, for up to $2.4B of Discovery Global Holdings notes and $12.8B of Discovery Communications notes, offering new Paramount notes to institutional holders as part of its planned WBD acquisition. Q1 2026 earnings (May 4) beat with EPS of $0.23 vs $0.15 consensus; revenue of $7.34B (up 2% YoY) missed estimates marginally, with streaming up 11% but TV media down 6% on cord-cutting. Paramount Pictures and Warner Music Group announced a multi-year first-look deal for music-driven films on May 7. PSKY declared a $0.05 dividend with ex-date June 15. Stock traded $9.71-$9.96 on May 19 amid concerns over WBD merger and regulatory scrutiny.

Paramount Skydance Notes Exchange Mergertipranks.comParamount Skydance Q1 2026 Earningscnbc.comParamount Skydance WBD Buyout Debt Planstocktitan.net

PSKY stock traded between $9.81 and $10.17 on May 18, 2026, closing at $9.92 amid a 7.66% weekly decline and a 10.9% monthly drop. U.S. and European lawmakers warned CEO David Ellison on May 14, 2026 that the proposed Warner Bros. Discovery acquisition will face strict European regulatory scrutiny over media pluralism and editorial independence concerns. WBD shareholders previously approved the $31/share cash deal valuing WBD at $81B equity / $110B enterprise value, with closing targeted for Q3 2026. Investor concerns center on the combined company's $54B+ in debt financing. Separately, Taylor Sheridan is leaving Paramount for NBCUniversal. PSKY declared a $0.05 cash dividend with an ex-date of June 15, 2026.

U.S., EU lawmakers pledge European scrutiny of Paramount's WBD dealcnbc.comWarner Bros. Discovery shareholders approve Paramount Skydance mergernbcnews.comParamount Skydance (PSKY) earnings Q1 2026cnbc.com

Reps. Frank Pallone and Jamie Raskin expanded their House investigation into Paramount Skydance on May 12, 2026, citing concerns about media consolidation and pressure to relinquish editorial control of CNN to President Trump. Guggenheim analyst Michael Morris lowered the firm price target to $12 from $14, maintaining a Neutral rating. Q1 2026 results posted May 4 showed revenue up 2% year-over-year to $7.34 billion with EPS of $0.23 beating the $0.15 consensus, with streaming revenue up 11% and film up 11%, offset by a 6% decline in TV media. On May 7, Paramount Pictures inked a multi-year first-look deal with Warner Music Group for theatrical films. Shares traded near $9.92 on May 18, near 52-week lows.

Ranking Members Pallone and Raskin Expand Investigation into Paramount Skydancedemocrats-energycommerce.house.govPARAMOUNT REPORTS FIRST QUARTER 2026 FINANCIAL RESULTSir.paramount.comPSKY Stock Gains As Warner Bros. Discovery Deal Advancesstockstotrade.com

Warner Bros. Discovery shareholders approved a $110 billion sale to Paramount Skydance, advancing the major media merger. Paramount Skydance syndicated its $54 billion bridge loan, cut it down to $49 billion, and spread the risk across 18 lenders, sending PSKY up 12% on the news. Q1 2026 revenue grew 1% YoY with adjusted EBITDA margin expanding 5 percentage points. Paramount Pictures and Warner Music Group announced a multi-year first-look deal in May 2026. The deal faces regulatory and political scrutiny from lawmakers concerned about media concentration. On May 15, 2026, PSKY traded between $10.06 and $10.13. Analyst consensus is Hold with a 12-month target of $12.85.

PSKY Stock Gains As Warner Bros. Discovery Deal Advancesstockstotrade.comParamount Skydance (PSKY) Stock Forecast - MarketBeatmarketbeat.comParamount Skydance Corp PSKY - Morningstarmorningstar.com

Paramount Skydance shares fell roughly 2% to ~$10.47 on May 13 as Ranking Members Pallone and Raskin expanded their congressional investigation into the company over concerns CEO David Ellison is using the proposed Warner Bros. Discovery merger to advance political objectives, including allegations of a 2025 side deal with President Trump involving "public service announcements" tied to the dropped CBS defamation case. WBD stockholders approved the Paramount Skydance transaction at a Special Meeting, with closing targeted for Q3 2026 subject to regulatory clearance. Paramount Skydance recast its 2025 segment data into three segments (Studios, Direct-to-Consumer, TV Media) and is defending the deal by arguing neither Paramount+ nor HBO Max can catch Netflix, Disney or Amazon at standalone scale. Shareholder activists are challenging the deal. Risks: regulatory blockage, political/editorial scrutiny, and integration execution on a multibillion-dollar levered transaction.

Ranking Members Pallone and Raskin Expand Investigation into Paramount Skydancedemocrats-energycommerce.house.govInvestors Using Shareholder Power to Challenge Corrupt Paramount Dealprospect.orgParamount Skydance Recasts Segments After Skydance Mergertipranks.com

On May 12, Reps. Frank Pallone Jr. and Jamie Raskin expanded their probe into Paramount Skydance, demanding CEO David Ellison reveal whether he or the company offered changes to CNN's Trump coverage in exchange for regulatory approval of the Warner Bros. Discovery acquisition. The political pressure follows WBD shareholders approving the $110 billion sale and the May 7 announcement of a multi-year first-look film deal between Paramount Pictures and Warner Music Group. Q1 2026 results on May 4 showed revenue of $7.34 billion (up 2%), with streaming up 11% and film up 11%, while TV media fell 6%; EPS of $0.23 beat the $0.15 estimate but revenue missed by ~$73 million. Stock traded around $10.87 on May 11 — well off the 52-week high of $20.86. Risk: regulatory and congressional scrutiny could delay or condition the WBD merger close.

Ranking Members Pallone and Raskin Expand Investigation into Paramount Skydancedemocrats-energycommerce.house.govUS House Lawmakers Press Paramount CEO on Warner Brothers Acquisitionusnews.comParamount Skydance Flexes Financial Muscle in Q1 2026: Revenue Hits $7.3Bquasa.io

Paramount Pictures and Warner Music Group announced a multi-year first-look agreement on May 7 to co-develop theatrical films drawing on WMG's roster of artists and songwriters. The deal adds an IP pipeline to the studio business at a time when PSKY just posted Q1 streaming revenue +11% and is racing to close the $110B Warner Bros. Discovery deal (WBD shareholders approved; bridge loan trimmed to $49B and syndicated to 18 lenders). Management reiterated the WBD deal remains on track for Q3 close. Bear case: Q1 revenue of $7.34B missed consensus of $7.42B, the legacy TV media segment is still down 6% on cord-cutting, and WBD integration carries significant execution and leverage risk.

PARAMOUNT SKYDANCE Releases Q1 2026 Earningsquiverquant.comParamount Skydance's Revenue Upvideoageinternational.net

Paramount Skydance reported Q1 2026 revenue of $7.35B (+2% YoY) with EPS of $0.23 beating $0.15 estimate, driven by Paramount+ streaming growth. The company affirmed it is on track to deliver $3B in cost savings from the Paramount-Skydance merger, with $2.5B expected by end of 2026. Warner Bros. Discovery shareholders approved a $110B sale to Paramount Skydance and the bridge loan was syndicated and cut down to $49B across 18 lenders, sending PSKY up 12% on that news. Paramount Pictures signed a multi-year first-look deal with Warner Music Group on May 7. The company declared a $0.05 quarterly cash dividend payable July 1, 2026. Plans to merge Pluto TV into Paramount+ this summer.

Paramount Skydance (PSKY) earnings Q1 2026cnbc.comPSKY Stock Gains As Warner Bros. Discovery Deal Advancesstockstotrade.comParamount Skydance Weighs Warner Deal As Streaming Integration And Risks Mountsimplywall.st