Paramount Skydance Corp 8-K

What Happened
Paramount Skydance Corporation (PSKY) filed an 8-K reporting that the 10‑day statutory Hart‑Scott‑Rodino (HSR) waiting period expired on February 19, 2026 at 11:59 p.m. ET after Paramount certified compliance with the DOJ’s December 23, 2025 Second Request. The expiration means there is currently no U.S. statutory impediment to closing Paramount’s all‑cash offer to purchase all shares of Warner Bros. Discovery, Inc. (WBD). Paramount noted the transaction still requires other conditions, including a definitive merger agreement with WBD, shareholder approvals and regulatory clearances in other jurisdictions.

Key Details

• HSR waiting period expired: February 19, 2026 at 11:59 p.m. ET (10‑day statutory period).
• DOJ Second Request issued: December 23, 2025; Paramount certified compliance before the waiting‑period expiration.
• Germany foreign investment clearance obtained: January 27, 2026.
• Related filings: Tender Offer materials (Schedule TO) filed December 8, 2025; Paramount filed a definitive proxy statement and BLUE proxy card for the Netflix Merger Solicitation on February 17, 2026.

Why It Matters
For investors, the HSR waiting‑period expiration removes a specific U.S. statutory blocker to the proposed acquisition of WBD, advancing the transaction process. However, the deal is not complete—Paramount still needs to finalize a merger agreement (if negotiated), secure shareholder votes and obtain regulatory approvals in other countries. Shareholders should watch for subsequent filings, proxy materials and regulatory developments that will affect timing, potential financing, and the likelihood of the transaction closing.