07:00 AM EDT, 07/28/2025 (MT Newswires) -- Paramount Global ( PARAA ) said Friday its merger with Skydance is expected to close on August 7, pending standard closing conditions.

Shareholders must submit election forms by Thursday. Those not submit in time will automatically receive stock consideration, with earlier deadlines set for employees, the company said.

The investors holding shares via brokers may face earlier cutoff dates depending on their intermediaries, Paramount said.

The company also said the New Paramount is expected to begin trading its Class B common shares under the symbol "PSKY" after closing.

Class A and B Paramount shares will be delisted once the deal completes, the company said.