Warner Bros Discovery said it entered into a tax reimbursement agreement with CEO David Zaslav on March 10, 2026, in connection with its merger agreement with Paramount Skydance. The agreement provides that if David Zaslav incurs an excise tax under certain U.S. Internal Revenue Code rules related to merger-linked payments or benefits, he would receive a reimbursement so he is in the same net after-tax position as if no excise tax applied. The company said the amount of any potential reimbursement payment is currently unknown and depends on factors including the merger closing date and whether David Zaslav is terminated within 12 months after closing. Warner Bros Discovery also said tax advisors estimate that if the merger closes in 2027, no reimbursement payment would be expected under the agreement. The agreement would terminate if the merger agreement terminates.
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