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AI English summary of an SEC filing — figures as filed

Warner Bros. Discovery logoWarner Bros. Discovery WBD

Warner Bros. Discovery said on October 6, 2026 Skydance Corporation completed the acquisition and the company became a wholly owned subsidiary of Skydance. The company said each share of Series A common stock was converted into the right to receive $31.01666668 in cash, including the Ticking Consideration.

8-KNotice of Delisting or Failure to Satisfy a Continued Listing Rule or StandardFiled Period of report Summary published (UTC)

Key points

AI summary

  1. Warner Bros. Discovery said on October 6, 2026 Skydance Corporation completed the acquisition and the company became a wholly owned subsidiary of Skydance. The company said each share of Series A common stock was converted into the right to receive $31.01666668 in cash, including the Ticking Consideration.

  2. The company said on the Closing Date it notified Nasdaq of the completion of the Merger and requested that Nasdaq halt trading of WBD Common Stock and withdraw it from listing. The company said it intends to voluntarily delist the 4.302% Senior Notes due 2030 and 4.693% Senior Notes due 2033 from the Nasdaq Global Market, and after Form 25 becomes effective, it intends to file Form 15 to terminate registration.

  3. Warner Bros. Discovery said the aggregate Merger Consideration payable by Skydance is approximately $78 billion, funded by a combination of equity financing and debt financing. The company said on the Closing Date it repaid all loans and terminated all credit commitments under the First Lien Credit Agreement and the Credit Agreement dated October 4, 2024.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

Completion of Merger and Merger Consideration per Share

Warner Bros. Discovery said on October 6, 2026 Skydance Corporation completed the acquisition and the company became a wholly owned subsidiary of Skydance. The company said each share of Series A common stock was converted into the right to receive $31.01666668 in cash, including the Ticking Consideration.

Source · Based on the filing body and exhibits

Nasdaq Delisting and Deregistration Plan

The company said on the Closing Date it notified Nasdaq of the completion of the Merger and requested that Nasdaq halt trading of WBD Common Stock and withdraw it from listing. The company said it intends to voluntarily delist the 4.302% Senior Notes due 2030 and 4.693% Senior Notes due 2033 from the Nasdaq Global Market, and after Form 25 becomes effective, it intends to file Form 15 to terminate registration.

Source · Based on the filing body and exhibits

Aggregate Merger Consideration and Repayment of Credit Agreements

Warner Bros. Discovery said the aggregate Merger Consideration payable by Skydance is approximately $78 billion, funded by a combination of equity financing and debt financing. The company said on the Closing Date it repaid all loans and terminated all credit commitments under the First Lien Credit Agreement and the Credit Agreement dated October 4, 2024.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗
Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.