Archive · 26 Jul 2025
Paramount and Skydance Merger Set to Close on August 7
The merger of Paramount and Skydance is happening on August 7.
The new company will be listed on the Nasdaq with the symbol PSKY.
Shareholders need to decide how they want to receive their shares by a deadline.
Those who don't choose will automatically get stock in the new company.
The stock price of Paramount Global went down at the end of the day.
Paramount and Skydance merger set to close August 7.
The new company will trade on the Nasdaq under the ticker symbol PSKY.
Shareholders must elect the form of consideration by specific deadlines.
Shareholders without elections will receive stock in the new entity.
Paramount Global shares closed down 1.6% at $13.05 on Friday.
- Who
- Paramount and Skydance are merging.
- What
- Paramount and Skydance merger closing.
- When
- Closing on August 7, with shareholder deadlines in late July.
- Where
- N/A
- Why
- To combine the two companies.
Investor Concerns
Skydance Leadership
Layoffs
Investor Concerns
Uncertainty around future layoffs.
Skydance Leadership
N/A
Linear Cable Networks
Investor Concerns
Concern regarding the fate of the linear cable networks.
Skydance Leadership
N/A
- Closing Date
- August 7
- New Ticker Symbol
- PSKY
- Paramount Closing Stock Price
- $13.05
- Class B Share Value
- $15
- Share Election Deadline (Employees)
- July 28, 4 p.m. ET
- Share Election Deadline (Other)
- July 31, 5 p.m. ET
