Deal sheet
- Status
- Completed at the corporate-parent level. On 6 October 2026 (the 'Merger Closing Date'), Skydance Corporation completed its acquisition of Warner Bros. Discovery, Inc. under an Agreement and Plan of Merger dated 23 February 2026; WBD survived as a wholly owned Skydance subsidiary. Skydance then joined as a Reporting Person on Anghami Inc's Schedule 13D/A (Amendment No. 4, filed 8 October 2026) to disclose that it is now the ultimate beneficial owner of the same chain already on file. The underlying numbers are unchanged from Amendment No. 3 (14 September 2026, the source for deal record #4668): WBD's subsidiary Dplay Entertainment Limited still holds a direct 19.84 percent equity stake in OSN Streaming Limited (rising to up to 29.77 percent after a Third Completion), and the Reporting Persons are still attributed 7,417,345 Anghami ordinary shares (71.3 percent on a fully diluted basis) as beneficially owned, because securities rules treat them as part of a 'group' with OSN Streaming Limited, OSN Streaming Holding Limited, Panther Media Holding Limited, Panther Media Group Limited and Kuwait Projects Company (Holding) K.S.C.P. (KIPCO). Nothing in this filing changes Anghami's independent operations, its separate non-binding going-private proposal (deal record #4668, $3.75 per share, still unresolved), or the Warner call option over OSN Streaming Limited (deal record #3822, still unexercised, with its Music Business Carve-Out language preserved and now inherited by Skydance).
- Type
- Acquisition
- Parties
- Anghami, Warner Bros. Discovery, Inc., OSN Streaming Limited, Panther Media Group Limited, Kuwait Projects Company (Holding) K.S.C.P., Skydance Corporation
- Amount
- USD Not disclosed for Anghami or for the OSN Streaming Limited stake specifically. The Skydance-WBD merger itself has been widely reported in the business press at approximately $110 billion in enterprise value, but no filing reviewed for this record apportions any part of that figure to Anghami, to Dplay Entertainment Limited's 19.84 percent stake in OSN Streaming Limited, or to the Music Business Carve-Out option (contractual floor of $225,000,000 or $302,000,000 per deal record #3822) that Skydance now sits above.
- Rights covered
- No master recording, composition, publishing right or catalogue asset changes hands under this filing. It records a change in corporate control one level above Warner Bros. Discovery, Inc. itself: WBD is now a wholly owned subsidiary of Skydance Corporation. WBD's own position, an indirect, group-attributed 71.3 percent beneficial interest in Anghami Inc held through a direct 19.84 percent stake in OSN Streaming Limited, is unchanged in size. See deal records #2150, #3822 and #4668 for the underlying Anghami/OSN/KIPCO chain this filing sits on top of.
- Territory
- Anghami Inc is a Cayman Islands exempted company listed on Nasdaq and headquartered in Abu Dhabi, United Arab Emirates, operating across the Arab world including the North African markets of Egypt, Morocco, Tunisia and Algeria. Skydance Corporation and Warner Bros. Discovery, Inc. are both Delaware corporations headquartered in New York; neither this filing nor the underlying merger agreement names Anghami's North African operations specifically.
- Announced
- 2026-10-08
- Primary document
- Regulatory filing
- Sources
- Schedule 13D/A (Amendment No. 4) filed 8 October 2026 by Skydance Corporation, Warner Bros. Discovery, Inc. and Dplay Entertainment Limited with the SEC, disclosing that Skydance joined the Reporting Persons after completing its acquisition of WBD on 6 October 2026 · Exhibit 99.1 to the same filing: Joint Filing Agreement dated 8 October 2026, signed by Skydance Corporation, Warner Bros. Discovery, Inc. and Dplay Entertainment Limited · Exhibit 99.A (Schedule A) to the same filing: confirms Dplay Entertainment Limited is an England and Wales company and a wholly owned WBD subsidiary whose principal business is distributing content via WBD's online services, and discloses a 2022 Assurance of Discontinuance between Skydance and the New York Attorney General's Investor Protection Bureau unrelated to Anghami · Bloomberg, 6 October 2026: reports the Paramount Skydance-Warner Bros. Discovery merger closed that day at a reported $110 billion enterprise value, with WBD continuing as a wholly owned subsidiary and the combined company trading as Skydance (NYSE: SKYD) · Deadline, 6 October 2026: corroborates the merger close date and corporate structure · CNBC, 6 October 2026: timeline confirming the merger closed after a US Supreme Court justice declined to halt it
Read this before citing: This record updates, but does not restate, deal records #2150 (OSN's original 2024 acquisition of control over Anghami), #3822 (the Warner Bros. Discovery call option over OSN Streaming Limited and its Music Business Carve-Out) and #4668 (OSN's non-binding $3.75-per-share buyout proposal for Anghami's minority shares). Readers should treat all four as one continuing file on who sits where in Anghami's ownership chain.
The 71.3 percent figure attributed to the Reporting Persons is a securities-law 'beneficial ownership' figure that arises from group attribution, not from Skydance, WBD or Dplay Entertainment Limited directly owning 71.3 percent of Anghami's equity. Dplay Entertainment Limited's direct holding is 19.84 percent of OSN Streaming Limited (rising to up to 29.77 percent after a disclosed Third Completion), one corporate level above Anghami. The filing itself states the Reporting Persons 'may be deemed to be members of a group with' OSN Streaming Limited, OSN Streaming Holding Limited, Panther Media Holding Limited, Panther Media Group Limited and Kuwait Projects Company (Holding) K.S.C.P.; it is that group attribution, not a direct stake, that produces the 71.3 percent figure. This record follows the same caution already applied in deal record #4668.
The filing does not name Anghami, Egypt, North Africa or any music-industry asset anywhere in its text; Anghami appears only as the issuer identified in the cover page and exhibits. This record connects the filing to Anghami's music business using this publication's own prior sourcing (deal records #2150, #3822 and #4668), not language in the Amendment No. 4 filing itself.
The approximately $110 billion merger value is sourced to contemporaneous business-press reporting of the wider Skydance-WBD transaction, not to any SEC filing reviewed for this record, and it has never been apportioned by either company to Anghami, to OSN Streaming Limited, or to the Music Business Carve-Out option. Do not read it as a valuation of Anghami or of Anghami's music streaming business.
No filing reviewed states that Skydance has reviewed, altered or confirmed its intent regarding the Music Business Carve-Out language inherited from WBD, or regarding OSN's separate, still non-binding $3.75-per-share proposal for Anghami's minority shares (deal record #4668). Both are reported here as unresolved, continuing from the prior record, not as newly addressed by Skydance.
