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Paramount Global (NASDAQ: PARA, PARAA) and Skydance Media have announced that their merger transaction is expected to close on August 7, 2025. The companies have set key election deadlines for Paramount stockholders to choose their preferred form of merger consideration: July 31, 2025 for shares held of record, and July 28, 2025 for shares held via Morgan Stanley Stock Plan Account and the Paramount Global 401(k) Plan.
Following the merger closing, the combined company will trade on Nasdaq under the new ticker symbol "PSKY", replacing Paramount's current symbols PARA and PARAA. Stockholders who do not make an election by the deadline will automatically receive stock consideration for their shares.