SIG-015
business
PENDING
Will Paramount close Warner Bros. acquisition by end of 2026?
Direction YES underpriced · Confidence MEDIUM · Closes 2026-12-31
Market price
71%
at signal
Our estimate
82%
calibrated
Gap
+10.2pp
market vs ours
Status
PENDING
2026-12-31 close
Market price history
Evidence
- Both boards have approved the deal — internal alignment is already done
- FCC approval expected quickly — regulatory track is clear
- DOJ challenge unlikely given current administration posture toward media consolidation
- Deal includes a built-in financial penalty for failure to close — both sides are financially incentivised to complete