Paramount Skydance proposes acquisition of Warner Bros. Discovery amid extensions to debt exchange/tender offers

Paramount Skydance Corporation announced multiple extensions to previously announced cash tender offers and exchange offers related to existing notes issued by Discovery Global Holdings, Inc. and Discovery Communications, LLC. These financing/offer processes are explicitly tied to Paramount’s proposed acquisition of Warner Bros. Discovery, Inc., with settlement dates anticipated in 2026’s third or fourth quarters depending on the extension schedule.