Paramount Global completes merger with Skydance Media; cash and stock consideration paid

Paramount Global

Merger closed August 7, 2025; Paramount becomes wholly owned subsidiary of Paramount Skydance Corp.
Class A shareholders received $23.00 cash or 1.5333 Class B shares; Class B shareholders $15.00 cash or stock.
Aggregate cash consideration ~$4.45B; ~318.8M New Paramount Class B shares issued as stock consideration.
Skydance unitholders received ~313.8M New Paramount Class B shares; Skydance becomes a subsidiary.
Paramount Skydance Corp. guarantees Paramount's existing debt and joins credit agreement; prior governance agreement with NAI terminated.

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