Paramount Skydance Corp 8-K

What Happened Paramount Skydance Corp (PSKY) filed an 8-K on June 10, 2026 updating progress on its Agreement and Plan of Merger (signed Feb 27, 2026) under which Prince Sub Inc. will merge into Warner Bros. Discovery, Inc. (WBD) and WBD will become a wholly owned subsidiary of PSKY. On June 9, 2026 the Australian Competition and Consumer Commission (ACCC) published a decision that the merger may proceed, subject to a 14-calendar-day waiting period that is scheduled to expire at 10:00 a.m. Eastern Time on June 23, 2026. Separately, on June 5, 2026 the New Zealand Commerce Commission informed PSKY it does not intend to consider the merger further.

Key Details

• Agreement and Plan of Merger executed Feb 27, 2026; Merger will make WBD a wholly owned PSKY subsidiary at the effective time.
• ACCC published its decision June 9, 2026; waiting period expires June 23, 2026 at 10:00 a.m. ET.
• NZCC notified PSKY June 5, 2026 it will not consider the merger further (voluntary clearance regime).
• PSKY also received competition or foreign direct investment approvals in Saudi Arabia, Ukraine, Serbia, North Macedonia, Germany, Slovenia, Belgium, Czechia, New Zealand, Italy, France and Romania.

Why It Matters The filing signals material regulatory progress for the PSKY–WBD merger, reducing one regulatory hurdle and increasing the likelihood the transaction can close — but it does not guarantee closing. The company cautions that closing remains subject to conditions, other regulatory approvals, integration risks, financing and litigation risks, and other factors listed in PSKY’s and WBD’s SEC filings. For investors, the update is an important milestone on a transformational merger that could affect PSKY’s strategy, indebtedness, ownership structure and stock volatility; however, the ultimate deal completion and timing remain contingent on remaining conditions and approvals.