Warner Bros. Discovery’s Stock Suspended as Paramount Skydance Merger Closes

Warner Bros. Discovery (ticker: WBD) saw its stock halted and subsequently suspended from trading following the formal completion of its acquisition by Paramount Skydance, a development that directly impacts WBD shareholders and the media landscape.

The acquisition closed prior to the market open on October 6, 2026, after prior shareholder approval was secured earlier this year. In anticipation of the closing, WBD stock was halted immediately after the after-hours trading session at around 7:50 p.m. on October 5. Trading remained halted through October 6 and was officially suspended effective October 7, 2026. Under the terms of the merger, shareholders will receive $31.01666668 in cash for each WBD share they hold. These details were confirmed in a Nasdaq corporate action notice and a Form 8‑K filed with the SEC. 

According to the Nasdaq corporate announcement, the last trading day for WBD was October 5, and the merger consideration stands at precisely $31.01666668 per share. Nasdaq’s notice clarified that the stock would remain halted on the day of closing—October 6—and would be suspended effective October 7. 

Meanwhile, the SEC’s Form 8‑K filing corroborated that the merger officially closed on October 6, 2026. It specified that Skydance Corporation (formerly Paramount Skydance Corporation) completed the acquisition pursuant to the Agreement and Plan of Merger originally signed on February 27, 2026. The filing also noted that WBD’s board ratified certain past grants and issuances to align with corporate director incentive plans that had lapsed, ensuring the merger conformed with corporate governance requirements. 

Why it matters: With trading suspended and WBD now a wholly owned subsidiary of Skydance, public shareholders have been cashed out at the stated merger price. The delisting of WBD removes it from exchange trading, transforming it into a private entity under Skydance ownership. Investors who held WBD stock have been paid out at $31.0167 per share, and the company’s public equity footprint has ceased.

Key verified facts

• The merger closed prior to the market open on October 6, 2026.
• WBD stock was halted around 7:50 p.m. on October 5, remained halted October 6, and was suspended effective October 7, 2026.
• Shareholders will receive $31.01666668 in cash for each WBD share.
• The SEC Form 8‑K confirms closing and ratifies certain RSU grants post-merger.

For investors tracking WBD stock or the broader media and entertainment sector, this marks the official end of Warner Bros. Discovery’s presence as a standalone publicly traded company. The newly formed Skydance entity emerges with combined assets from Warner Bros., Discovery, Paramount+, HBO Max, CNN, CBS News, and other properties—representing a major structural shift in the media landscape.

As of October 6, 2026, WBD is no longer listed or traded. Any future public equity presence will depend on Skydance’s strategic decisions, including potential listings or capital markets activity down the line.