New York, 25 July 2025 - A new chapter in the US media landscape is about to begin: Paramount Global and Skydance Media have announced that their highly anticipated merger is expected to close on 7 August 2025. With the completion of the transaction, the stock ticker will also change - the new company, "New Paramount", will operate under the acronym PSKY traded on the Nasdaq. The previous stock codes PARA (Class B) and PARAA (Class A) are thus disappearing from the scene.

Deadlines for shareholders: What to consider now

In the course of the merger, Paramount shareholders will have the opportunity to choose what kind of consideration they would like to receive for their shares - such as cash or new shares in "New Paramount". Different deadlines apply:

• For shareholders with a direct entry in the share register the option ends on 31 July 2025 at 17:00 (New York time).

• Employees with shares in the Morgan Stanley Stock Plan must have made their decision by 28 July at 16:00 meet.

• Participants in the 401(k) plan from Paramount have the same cut-off date: 28 July at 16:00.

Those who do not make their decision in time or do not submit a valid vote automatically receive the share compensation provided for.

Shareholders who hold their shares through banks or brokers should also be aware that these institutions can set their own, earlier deadlines.

New stock ticker - PSKY

Upon completion of the transaction, the shares of the new parent company will be issued under the name "New Paramount" as PSKY traded on the Nasdaq. The existing Paramount shares will no longer be listed after the closing. This marks the end of an era - and the beginning of a new one with the support of Skydance.

More than just a name change

The merger is more than just a rebranding: Skydance, previously better known as a film studio, is bringing a breath of fresh air and a new strategic direction to the media empire. The aim of the merger is to create synergies and better position the combined company for the digital age.

The merger between Paramount and Skydance marks a significant upheaval in the media landscape. While fans and analysts are eagerly awaiting the new strategy of the combined company, shareholders should keep an eye on their deadlines - because those who do not vote in time will lose influence in the conversion of their shares.