As previously reported, Paramount Global (PARA, PARAA) and Skydance Media announced that the transactions contemplated by their transaction agreement, dated as of July 7, are expected to close on August 7, subject to customary closing conditions. Additionally, Paramount and Skydance announced that shares of Class B common stock of New Paramount are expected to begin trading on the Nasdaq Stock Market under the ticker symbol “PSKY” following the closing of the transactions. Shares of Paramount’s Class B common stock (PARA) and Class A common stock (PARAA) will no longer be listed for trading following the closing of the transactions.
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