#United States #New York #Paramount #Skydance #New Paramount

Paramount and Skydance Merger Announcement

Paramount Global and Skydance Media have officially disclosed significant timelines concerning their anticipated merger. According to their press release from July 25, 2025, the merger transactions are expected to close on August 7, 2025. This announcement follows a series of planned agreements established back on July 7, 2024, which involved not just Paramount and Skydance but also New Pluto Global, Inc., referred to as New Paramount. These transactions depend on customary closing conditions being met.

Important Election Deadlines for Stockholders

In conjunction with the merger announcement, Paramount has set critical deadlines for stockholders regarding the election of their preferred merger consideration. This decision is pertinent to those who own shares of Paramount common stock. Here are the key deadlines:

• - July 31, 2025 - 5:00 p.m. (New York City time) is the cutoff for stockholders of record.
• - July 28, 2025 - 4:00 p.m. (New York City time) for shares held by current or former employees through their Morgan Stanley Stock Plan Account.
• - July 28, 2025 - 4:00 p.m. (New York City time) for shares held in the Paramount Global 401(k) Plan.

Stockholders must submit their election forms within these deadlines to avoid defaulting to the standard stock consideration. For those who hold shares in street name via banks or brokerage firms, they should verify if their institutions impose different early deadlines. Failure to make a proper election will result in stockholders receiving the default stock considerations.

New Ticker Symbol Following the Merger

Upon successful closing of the transactions, share trading on the Nasdaq Stock Market for the newly formed company, New Paramount, is expected to commence under the ticker symbol PSKY. Furthermore, the existing Class B and A common stocks for Paramount, trading under NASDAQ PARA and NASDAQ PARAA respectively, will cease trading after the merger's completion.

Additional Information and Resources

For those seeking more clarity about their stock election options, they can contact Equiniti Trust Company for assistance at (866) 595-1717. Questions pertaining to the merger can be directed to D.F. King & Co., Inc. at (800) 901-0068. Additional details regarding the merger processes and stockholder inquiries will also be made available through Paramount's Investor Relations page at Paramount Investors.

With this merger, both Paramount and Skydance aim to craft a robust media powerhouse that combines their resources and creativity for greater industry impact. As details unfold, stakeholders remain optimistic and attentive to changes that this merger may entail.

In summary, the conclusion of these transactions marks a pivotal moment in the landscape of entertainment and media, not just for the companies involved but also for the stockholders who possess shares in Paramount. The successful execution and transition depend not only on meeting the outlined deadlines but also on the broader market and regulatory conditions surrounding the merger. Stay tuned for further updates as the closing date approaches.