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Story summary
- Paramount Skydance is issuing a $44 billion debt package to fund its Warner Bros. Discovery acquisition.
- The offering includes $32 billion investment-grade debt and $12.4 billion high-yield bonds.
- U.S. District Judge Araceli Martinez-Olguin has not approved the settlement with 12 state attorneys general.
- Paramount assumes an Oct. 7, 2026 closing, expecting $80 billion debt and $6 billion annual interest.
- Chair and CEO David Ellison targets $6 billion synergies, warning thousands of layoffs may follow.