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Paramount Skydance Deal at $31/Share → Netflix Merger Vote March 20; CEO Sells $114M in Stock

Warner Bros. Discovery clinched a deal to sell itself to Paramount Skydance at $31 per share, with a special shareholder meeting set for March 20, 2026 to vote on the merger, as the board unanimously recommended shareholders vote in favor. CEO David Zaslav sold 4,004,149 shares worth $114.1 million following the deal announcement, with total insider sales exceeding $200 million, raising concern about executive confidence in the deal terms. The stock trades at $27.51, below the $31 per share deal price, reflecting regulatory and integration uncertainty, with job security concerns and ongoing debt load remaining key risks in the media industry consolidation wave.

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