Paramount Skydance to switch stock listing from Nasdaq to NYSE

• Trading on Nasdaq will end around October 5, with NYSE trading starting October 6
• The listing change aligns with Paramount's upcoming $110 billion Warner Bros deal closure, following resolution of legal battles with California-led states and a Hollywood writers union
• October 5 is set as the record date for warrant distribution to Class B common stockholders in connection with the Warner Bros transaction

Paramount Skydance Moves Stock Listing from Nasdaq to NYSE

Key Development:

Paramount Skydance announced Friday it will transfer its Class B common stock listing from Nasdaq to the New York Stock Exchange, with trading on Nasdaq ending at market close around October 5 and NYSE trading commencing October 6.

Strategic Context:

The move comes as companies typically switch exchanges to achieve better alignment with investor bases, improved technology and services, or to reduce listing and compliance costs. Nasdaq has traditionally been the primary venue for technology stocks, while the NYSE has anchored major industrial and financial companies. This long-standing rivalry between the two U.S. exchanges peaked during the late 1990s dot-com boom.

Major Transaction:

Paramount is preparing to close its $110 billion merger with Warner Bros, following resolution of a legal dispute with a California-led coalition of U.S. states and a Hollywood writers union earlier this week. The company has set October 5 as the record date for distributing warrants to eligible Class B common stockholders in connection with the Warner Bros deal.

Market Implications:

The listing change signals Paramount's strategic repositioning as it completes one of the largest media mergers in recent history. The move to NYSE may reflect the company's evolution from a pure media/entertainment play toward a more diversified industrial profile post-merger. The timing—just before closing the Warner Bros deal—suggests careful coordination of corporate events to optimize investor relations and market positioning.

The warrant distribution tied to the merger represents additional value for existing shareholders and could impact trading dynamics during the transition period.