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Technology Stocks : Media Industries: Newspapers, TV, Radio, Movies, Online
NFLX 1,103+0.6%Nov 7 9:30 AM EST
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From: Ron7/28/2025 8:59:03 AM
   of 8532
 
Paramount says Skydance Media merger will close on August 7
thedesk.net

Paramount said its common stock shareholders have until July 31 to determine if they want to receive cash from the conversion of their stock after the merger or shares in the newly-formed company. Common stock held by a bank or financial institution — which is common among retail investors — may be subject to an earlier deadline as imposed by the bank, Paramount said.

Paramount’s current or former employees have until July 28 to cash out their retirement accounts based on Paramount’s current common stock or roll over their accounts into a new one when the merger is finished.

Under Skydance’s ownership, Paramount will continue on as a publicly-traded company. On the NASDAQ, the new Paramount will trade under the ticker symbol PSKY, the company affirmed.
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