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# Skydance’s $11 billion stock drop outran its $1 billion warrant payout
- URL: https://www.medianexis.com/skydances-11-billion-stock-drop-outran-its-1-billion-warrant-payout/
- Published: 2026-10-19T16:51:08.000Z
- Updated: 2026-10-27T14:21:50.000Z
- Description: Puck’s William D. Cohan reports that Skydance stock fell 24 percent after 471 million warrants, valued at $1 billion, went to minority shareholders, but the stock lost $11 billion in value, far more than the warrants’ worth.
- Author: The Signals Desk
- Tags: Streaming, William D. Cohan, Skydance's $11 billion stock drop outran its $1 billion warrant payout

*Signal from* [*puck.news*](https://puck.news/?ref=medianexis.com) *·* [*William D. Cohan*](https://www.medianexis.com/tag/by-william-d-cohan/) *·* [*read the original*](https://puck.news/newsletter%5Fcontent/a-skydance-warrants-mystery-berkshire-spoon-bending/?ref=medianexis.com)*.*