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Paramount Skydance Corporation Class B Common Stock

PSKY · NASDAQ

Market open$8.81$-0.330000 (-3.61%)

Key statistics

Previous close$9.14
Open$9.08
Day high$9.14
Day low$8.70
52-week high$20.86
52-week low$8.62
Market cap9.58B
Volume4.41M
Average volume9.05M
P/E ratio8.31
Forward P/E—
EPS1.06
Dividend yield+2.27%

Market context

Why it moved

PSKY (Paramount Skydance) shares edged lower today amid ongoing legal headwinds, as multiple antitrust lawsuits — including actions from state attorneys general and the Writers Guild of America — continue to weigh on investor sentiment surrounding its acquisition of Warner Bros. Discovery, even after Canadian regulatory clearance was granted.

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What is happening

Recent company-specific developments and publisher coverage.

July 16, 2026Paramount Skydance closed modestly higher, with the stock gaining as investors continue to monitor the high-stakes regulatory battle surrounding its proposed $110 billion acquisition of Warner Bros. Discovery. Just days after state attorneys general filed a federal antitrust challenge in the Northern District of California, Paramount issued a forceful rebuttal on July 13, arguing the lawsuit 'distorts settled antitrust law' and that 24 global jurisdictions — including the U.S. DOJ — have already cleared the deal. The communication services sector outperformed broadly on July 15, aided by a softer-than-expected June CPI print that eased rate-hike fears, providing a constructive backdrop for PSKY even as the merger timeline uncertainty persists.

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July 15, 2026Paramount Skydance shares declined 4.5%, hovering near 52-week lows, as regulatory headwinds surrounding its proposed $110 billion Warner Bros. Discovery merger intensified. A coalition of 12 state attorneys general, led by California AG Rob Bonta, filed a federal antitrust lawsuit seeking to block the deal, prompting Paramount to issue a forceful rebuttal arguing the challenge 'defies evidence-based antitrust enforcement' and benefits only Big Tech rivals like Netflix. Paramount also signaled it may shift operations out of California if state regulators impede the transaction, adding to investor uncertainty despite the DOJ and 24 international regulators having already cleared the deal.

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July 14, 2026Paramount Skydance closed modestly higher despite a major legal challenge: a coalition of 12 state attorneys general, led by California AG Rob Bonta, filed a lawsuit seeking to block the company's proposed $110 billion acquisition of Warner Bros. Discovery. Paramount pushed back forcefully, issuing a statement calling the challenge a defiance of evidence-based antitrust enforcement, while the stock's resilience — and Warner Bros.' 2.4% gain — suggests investors may be discounting the legal risk or viewing a potential deal delay as manageable ahead of Q2 earnings.

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July 11, 2026Paramount Skydance edged higher despite mounting legal headwinds around its $110 billion Warner Bros. Discovery acquisition, as multiple U.S. state attorneys general — led by California — are reportedly preparing lawsuits to block the deal as soon as next week, adding to Oregon's earlier push to delay closing by 60 days. The overhang is compounded by a sharp analyst downgrade from Arete Research, which set a Street-low $2 price target citing deal execution risk, even as the stock trades well above its 52-week low ahead of an anticipated Q2 earnings report.

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July 10, 2026Paramount Skydance shares fell sharply amid a cascade of regulatory setbacks threatening its $110 billion acquisition of Warner Bros. Discovery. The stock dropped over 4% on double volume as California's attorney general took the lead in a potential multi-state lawsuit to block the deal — with legal action possible as soon as next week — while Oregon separately sought a 60-day delay and court-compelled document production. Adding to the pressure, Arete Research issued a Street-low $2 price target with a 'Sell' downgrade, citing deal execution risk. The Communication Services sector ETF (XLC) also declined sharply on the day.

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July 9, 2026Paramount Skydance fell nearly 2% as the proposed Warner Bros. Discovery merger faced fresh regulatory headwinds, with Oregon's Attorney General seeking a 60-day court-ordered pause over withheld lobbying records. The broader risk-off session—driven by Trump declaring the U.S.-Iran ceasefire 'over,' sending oil prices surging 5%—weighed on Communication Services, which has been the worst-performing sector in June. Guggenheim reiterated a Neutral rating on merger partner WBD ahead of Q2 earnings, reflecting persistent investor caution around regulatory uncertainty and post-merger debt.

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July 2, 2026Paramount Skydance shares gained on Wednesday as key merger developments took center stage: the company offered remedies to EU regulators — reportedly agreeing to divest its Universal Pictures film distribution joint venture — making European Commission approval for its $110 billion Warner Bros. Discovery acquisition increasingly likely, with a decision deadline extended to July 22. Shares also got a lift from a Seaport Research upgrade of WBD to Buy, citing waning closure risks, while the stock navigated offsetting headwinds from the UK Culture Minister's stated intent to intervene in the deal and potential state AG lawsuits in California and New York.

3.144

July 1, 2026Paramount Skydance closed modestly higher as investors weighed two significant developments surrounding its $110 billion Warner Bros. Discovery acquisition: the UK government signaled it may intervene in the deal citing media plurality concerns, even as Seaport Research upgraded WBD to Buy noting that risks to deal closure appear to be 'waning somewhat.' The UK intervention news, flagged by British culture minister Lisa Nandy, adds a new regulatory hurdle after the deal cleared the US, China, Australia, Germany, France, and Saudi Arabia. Meanwhile, sector peer Comcast surged on its NBCUniversal spinoff announcement, underscoring an active media consolidation backdrop that continues to define the entertainment industry narrative.

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Variety · July 16, 2026Paramount Slams States’ Lawsuit Over Warner Bros. Merger as ‘One of the Weakest’ in Modern HistoryThe Hill · July 16, 2026Paramount shareholder sues Ellisons, alleging ‘illegal’ Trump dealLos Angeles Times · July 15, 2026Paramount shareholder lawsuit accuses Ellisons of corruptionNews Channel 5 Nashville · July 15, 2026Tennessee courts Paramount Skydance to relocate from California to the Volunteer StateCNBC · July 14, 2026Paramount still plans to close WBD merger by end of September despite lawsuitAxios · July 13, 2026A dozen states file lawsuit to block Paramount Skydance-Warner Bros. Discovery mergerThe Washington Post · July 13, 202612 states sue to stop David Ellison’s takeover of Warner Bros.Politico · July 13, 2026California, 11 other states sue to block Paramount’s Warner Bros. deal
Benzinga · July 16, 2026Paramount Lawsuit Brings Trump Into Acquisition Equation
Mt Newswire · July 13, 2026Sector Update: Consumer Stocks Mixed Late Afternoon
Mt Newswire · July 13, 2026California AG Sues to Block Paramount Skydance-Warner Bros. Merger
Benzinga · July 13, 2026California Attorney General Rob Bonta Today Led A Coalition Of 12 Attorneys General In Filing A Lawsuit Challenging The $110B Acquisition Of Warner Bros. Discovery By Paramount Skydance
Mt Newswire · July 10, 2026Market Chatter: Netflix, Other Media Companies Eye Letterboxd Sale
Mt Newswire · July 9, 2026Update: Market Chatter: Paramount, Warner Bros. Discovery Merger Possibly Faces Lawsuits From US States to Block Deal
Mt Newswire · July 9, 2026Market Chatter: Paramount, Warner Bros. Discovery Merger Possibly Faces Lawsuits From US States to Block Deal
Benzinga · July 9, 2026Paramount's $110 Billion Warner Bros. Deal Keeps Getting Delayed Despite DOJ Approval— Now Oregon Wants 60 Days to Take a Closer Look

Peers

S&P 500SPX · $7,490.73-0.57%Netflix, Inc.NFLX · $68.74-7.55%The Walt Disney CompanyDIS · $97.89-1.83%Warner Bros. Discovery, Inc.WBD · $27.22-0.27%Fox CorporationFOX · $51.10+0.04%News CorporationNWSA · $28.34-1.22%Live Nation Entertainment, Inc.LYV · $179.93+0.04%Warner Music Group Corp.WMG · $28.06-1.72%Nexstar Media Group, Inc.NXST · $184.59-0.36%Newsmax, Inc.NMAX · $8.26-2.94%Sinclair, Inc.SBGI · $14.05-2.02%AMC Global Media Inc.AMCX · $10.54-3.30%