PSKY

AI Research

$81B WBD acquisition bid at $31/share; BofA cuts target to $11 on deal risk

Paramount Skydance announced a bid to acquire Warner Bros. Discovery for $31.00 per share in cash, valuing WBD at $81B equity and $110B enterprise value with >$6B expected synergies. The deal, backed by $47B equity and $54B debt commitments, targets close in Q3 2026, with Netflix declining to raise its competing offer on February 26, 2026. Bank of America lowered its price target to $11 from $13 on March 10, 2026; PSKY trades at $9.57 with a $10.56B market cap.