Paramount Skydance Corp

PSKY

Market cap $11.8B

Independent proxy advisory firm Glass Lewis recommended Warner Bros Discovery shareholders to vote in favor of the company's $110 billion deal to ​combine with Paramount Skydance.

Paramount Skydance has syndicated its bridge loan facility and secured permanent financing from a group of ​banks for its planned $111 billion acquisition of Warner Bros ‌Discovery.

Paramount said today it's successfully completed the syndication of a previously disclosed bridge facility and entered into permanent financing transactions with a group of 18 lenders to support its planned merger with Warner Bros. Discovery The transactions include a two-tranche senior secured term loan facility and a senior secured revolving credit facility.

Paramount Skydance confirmed that its former president Jeff Shell exited the company on April 8 and outlined in a SEC filing how much he will be leaving with. He will be paid an amount in cash equal to the sum of his salary and target bonus.

Jeff Shell is unlikely to be directly replaced as president of Paramount, numerous insiders and people who do business with the company tell Deadline.

Paramount says its board of directors followed “standard practice” in evaluating the conduct of President Jeff Shell before his exit from the company. In a statement Wednesday, Paramount said Shell has been a “valued advisor” to the company, having joined Skydance in 2024 before the company's eventual merger with Paramount.

Paramount President Jeff Shell is leaving his position after a lawsuit accused him of violating SEC rules. The company said in a statement that the claims were "baseless.

Jeff Shell, Paramount's president, is splitting from the company. The departure comes weeks after a strange lawsuit from professional gambler RJ Cipriani.

NEW YORK, April 8, 2026 /PRNewswire/ -- Paramount, a Skydance Corporation (NASDAQ: PSKY), today announced the launch of its own publishing imprint, Paramount Global Publishing, marking a strategic expansion in how fans engage with the company's revered content while also creating new opportunities to develop original IP. Building on Paramount's legacy as one of the world's leading storytellers, the imprint – operating under the company's Products & Experiences division – will develop complementary publishing content inspired by its iconic portfolio of brands and franchises as well as generate new IP through the creation of original stories.

LOS ANGELES and NEW YORK, April 8, 2026 /PRNewswire/ -- Below is a statement regarding Jeff Shell: "PSKY's Board of Directors followed standard practice and, with the assistance of independent counsel, conducted a complete and thorough review of the allegations raised in a recently filed civil complaint that Mr. Shell, PSKY's President, had violated certain SEC disclosure rules.