Paramount Global and Skydance Media have confirmed their merger is expected to close on August 7, 2025, pending final conditions. Post-merger, the new entity, “New Paramount,” will trade on Nasdaq under the ticker “PSKY.” Paramount stockholders must choose between cash or stock compensation by specific deadlines: July 31 for direct holders, and July 28 for those with shares via Morgan Stanley or the 401(k) Plan. Shareholders using brokers may have earlier deadlines. Any delay in the closing will shift these dates accordingly. The merger marks a major consolidation in the entertainment sector.