Paramount Skydance CorporationNasdaq: PSKY
Communication Services · Movies & Entertainment
$11.09
+8.25%
Vol: 10.0M
Research Digest
Friday, May 1, 2026
Morgan Stanley double-upgrades Paramount Skydance to Overweight; targets $14 PT
Morgan Stanley upgraded PSKY from Underweight to Overweight, raising PT to $14 from $11. Stock surged 9.2% on the upgrade. Upgrade cited proposed WBD buyout, AI-driven cost savings, and expansion opportunities. However, $110B Paramount-Warner Bros deal still faces DOJ review and $53M lawsuit from streaming subscribers. Deal expected to close Q3 2026 pending regulatory approval.
Previous Market Intelligence
13 daysApr 30Warner Bros. Discovery shareholders approve $110B merger with Paramount Skydance; regulatory approval pendingMixed▶
WBD shareholders voted April 23 to approve the $110B Paramount Skydance acquisition, combining two major entertainment studios. However, shareholders rejected an executive compensation package for CEO David Zaslav (~$500M). Deal expected to close Q3 2026 pending U.S./EU regulatory clearances and California antitrust review. Paramount seeks FCC approval for foreign investors to potentially increase stakes to 20%. Concerns over a 30-film release plan pressured shares down ~2% late April.
Apr 16Paramount Skydance secures major financing for $110B Warner Bros. deal; UK CMA review underwayPositive▶
Paramount Skydance announced on April 13 it secured approximately $78B in financing for its $110B acquisition of Warner Bros. Discovery, including $24B from Gulf equity and $54B in loans, targeting July closing. Warner Bros. shareholders vote April 23 on the $31/share all-cash deal. UK Competition and Markets Authority (CMA) conducting antitrust review. FCC expected to play limited role focused on foreign investment. President Jeff Shell departed April 8 following separation agreement. Stock rose 5.3% on April 15.
Apr 15Paramount Skydance $110B Warner Bros. Discovery acquisition faces UK antitrust review; WBD shareholder vote April 23.Mixed▶
Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery entered UK regulatory review by the Competition and Markets Authority on April 13, with CMA inviting stakeholder comments until April 27. WBD will hold Special Meeting of Shareholders on April 23 to vote on the merger. PSKY obtained $10B in new financing on April 7. Company president Jeffrey Shell left on April 8 to focus on ongoing lawsuits. PSKY shares rose 3.3% to $11.08 on April 14.
Apr 14Paramount Skydance secured $24B in Middle East sovereign wealth fund backing for Warner Bros. Discovery acquisition; shareholder vote April 23.Mixed▶
Paramount Skydance confirmed Saudi Arabia's PIF ($10B), Qatar, and Abu Dhabi sovereign wealth funds as investors in its WBD takeover bid. Deal structure provides $31 per share all-cash offer. ISS recommended voting no on Warner CEO Zaslav's payout deal. Jeff Shell departed as president. Q1 2026 earnings due May 4. Analyst consensus is Sell with $12.92 target.
Apr 13Paramount Skydance president Jeff Shell exited on April 8 amid SEC lawsuit; WBD deal shareholder vote set for April 23.Mixed▶
Paramount Skydance announced Jeff Shell's departure on April 8. Shareholders will vote on April 23 on WBD's $31 per share all-cash takeover bid. On April 7, PSKY entered into a new $9.0 billion credit facility to support the WBD acquisition. PSKY also seeks to revolutionize NFL rights with talks for over $3B annually.
Apr 10Paramount Skydance stock surges on April 7 after securing $24B Middle East funding for Warner Bros. acquisition.Positive▶
Paramount Skydance stock jumped 10.7% on April 7, 2026 after confirming $24 billion in equity backing from Middle East sovereign wealth funds including Saudi Arabia's PIF ($10B), Qatar Investment Authority, and Abu Dhabi's L'imad Holding. Shareholders will vote April 23 on the $111 billion Warner Bros. Discovery acquisition. Company secured $10 billion in new loans. Executive Jeff Shell departed April 8.
Apr 9Paramount Skydance secures $24B Middle East funding; Jeff Shell departs as president.Neutral▶
Paramount Skydance secured $24B from Saudi Arabia, Qatar, Abu Dhabi sovereign wealth funds for Warner Bros. Discovery takeover ($111B enterprise value). PIF ~$10B, Qatar/Abu Dhabi remainder. Non-voting shares; Ellison/RedBird retain 100% voting. Jeff Shell exited president role April 8 to focus on litigation. Tencent invested hundreds of millions for WBD acquisition. Paramount launched publishing imprint (first since Simon & Schuster sale). Warner Bros. vote April 23 for $31/share all-cash bid; close expected Q3 2026 with potential $0.25/share quarterly delay fee. Stock up 3.47% recent session. Analyst avg target $12.92 suggests 19.41% upside; avg rating Sell.
Apr 8Paramount Skydance secured $24 billion funding from Middle Eastern wealth funds (Saudi Arabia, Qatar, Abu Dhabi) for Warner Bros. Discovery acquisition.Positive▶
Paramount Skydance confirmed investments from Saudi Arabia's PIF, Qatar, and Abu Dhabi wealth funds amounting to ~$24 billion, with Saudi leading with ~$10 billion. Stock soared 9.7% on April 7 announcement. WBD merger valued at $31 per share, all-cash, expected to close Q3 2026. Shareholders to vote April 23. Paramount increased Class B authorized shares to 7 billion and issued long-dated warrants for existing shareholders. Deal includes $0.25 per share quarterly ticking fee if delayed past Sept 30. According to 13 analysts, average Sell rating with 12-month target of $12.92, indicating 19.74% upside.
Apr 7No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Apr 6Paramount nears $24B Gulf funding for Warner Bros. Discovery merger.Neutral▶
Paramount Skydance nearing deal to secure ~$24B from three Gulf sovereign wealth funds (Saudi Arabia ~$10B, Qatar, Abu Dhabi) for proposed $110B Warner Bros. Discovery acquisition. Non-voting stakes to avoid US national security review. Expects close Q3 2026.
Apr 3Warner Bros. Discovery shareholder vote scheduled for April 23 to approve $111 billion merger with Paramount Skydance.Negative▶
WBD shareholders to vote April 23, 2026 on merger valued at approximately $111 billion, with closing expected Q3 2026. WBD shareholders to receive $31 per share in cash (147% premium). DOJ antitrust review underway. Stock down 3.46% week-over-week and 20.39% on the month.
Apr 2Paramount Skydance receives WBD board approval for $110.8 billion Warner Bros. Discovery acquisition with April 23 shareholder vote set.Mixed▶
Paramount Skydance prevails in bidding war to acquire Warner Bros. Discovery for $110.8 billion ($31/share, 147% premium to WBD stock). WBD shareholder vote scheduled April 23, 2026. Combined company projects $69 billion 2026 revenue, $18 billion EBITDA, $10B+ cash flow with $30B+ content investment. Wells Fargo reduced PSKY price target from $10 to $8 with underweight rating. Paramount Skydance also appointed Bari Weiss as CBS News editor-in-chief.
Apr 1Warner Bros. shareholder vote scheduled for April 23 on $110.8B Paramount Skydance merger; DOJ issued subpoenas.Mixed▶
Warner Bros. Discovery set April 23 shareholder meeting to vote on $110.8B merger. WBD shareholders receive $31/share in cash (147% premium). DOJ sent subpoenas investigating the acquisition. Stock declined 35% over past month.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| NFLXNETFLIX | $91.98 | -1.74% | -5.4% | 24.4x | 1.67 | $394.2B |
| DISWALT | $103.39 | -0.35% | +7.8% | 14.2x | 1.44 | $183.8B |
| LYVLIVE | $158.18 | +0.15% | -1.4% | 70.9x | 1.15 | $37.1B |
| TKOTKO | $186.00 | -0.05% | -5.5% | 46.8x | 0.41 | $14.0B |
| PSKYPARAMOUNT | $11.09 | +8.25% | +4.0% | 10.9x | 1.39 | $11.4B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.