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Reported Earlier: Skydance Distributes 470.7M Warrants To Shareholders, Each Exercisable For 1 Class B Share At $12; Issues $11.98B In U.S. Notes And €546.5M In Euro Notes In Warner Bros. Discovery Merger Exchange

Benzinga Newsdesk

Completion of the Merger As previously announced, on October 6, 2026, Skydance Corporation (f/k/a Paramount Skydance Corporation), a Delaware corporation (the "Company"), completed its previously announced

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  1. Josh Kohn-Lindquist

    Stock Market Today, Oct. 14: Skydance Warrants Begin Separate Trading Today: SKYD Stock Drops 24%

    Skydance (SKYD) stock fell 24% on October 14, 2026, after 471 million warrants began trading separately from the company's shares on the ex-distribution date. The warrants, issued to former Paramount shareholders, allow them to purchase SKYD shares at $12 each through 2036. If fully exercised, this would generate $5.7 billion but dilute shares by roughly 10%. The combined company carries approximately $80 billion in net debt against $11.2 billion in adjusted EBITDA, making it a highly leveraged investment.

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