Paramount Skydance to move Class B stock listing from Nasdaq to NYSE on October 6

  • Paramount Skydance will move its Class B common stock listing from Nasdaq to the NYSE.
  • $110 billion is the value of Paramount Skydance’s planned Warner Bros deal.
  • October 5 is the record date for warrants planned for eligible Class B holders.

Paramount Skydance said it will transfer the listing of its Class B common stock from Nasdaq to the New York Stock Exchange. Nasdaq trading is expected to end at market close on or around October 5, with NYSE trading expected to begin at market open on October 6. The move comes as the company prepares to close its $110 billion Warner Bros deal after settling a legal battle with a California-led group of U.S. states and a Hollywood writers union earlier this week. October 5 is also the record date for a planned distribution of warrants to eligible Class B shareholders tied to the deal. Nasdaq is primarily associated with technology companies, while the NYSE has traditionally hosted major industrial and financial companies; companies often change exchanges to align with investors, services and technology or to reduce listing and compliance costs.

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