Business 4 min read By Mason Emerson
Paramount to Move Class B Shares to NYSE in October as Warner Bros. Discovery Merger Nears
Paramount plans to transfer its Class B common stock listing from Nasdaq to the New York Stock Exchange in early October, with the timing tied to its pending $110 billion merger with Warner Bros. Discovery.
Paramount will move the listing of its Class B common shares from the Nasdaq to the New York Stock Exchange in early October, the company said in a regulatory filing, as it prepares for a landmark merger with Warner Bros. Discovery.
The entertainment giant disclosed the plan in an SEC filing, noting that the exact date of the transfer could shift because the closing of its $110 billion deal with Warner Bros. Discovery remains a key variable. Paramount said its board determined on Sept. 25 to voluntarily withdraw the Class B shares from Nasdaq and list them on the NYSE.
The merger, valued at roughly $111 billion, is not yet complete. Paramount has said the timing for closing the deal, if it happens at all, is not yet certain, but it has penciled in Oct. 5 as the date to issue warrants to PSKY shareholders tied to the Warner Bros. Discovery transaction.
The share listing move is a significant step for Paramount as it positions itself for a combination that would reshape the media landscape. A shift to the NYSE would place the company alongside many of the largest entertainment and communications firms traded on the exchange, and it signals confidence that the merger will proceed despite remaining regulatory and procedural hurdles.
Paramount’s Class B shares are currently listed on Nasdaq. The company did not specify a precise first day of trading on the NYSE, saying only that the change is expected in early October. The filing indicates the board’s decision was made voluntarily and that the company is coordinating the move with the pending merger timeline.
The Warner Bros. Discovery deal, if completed, would bring together two of Hollywood’s most storied studios and a vast portfolio of television networks, streaming services, and film franchises. The transaction has been closely watched by investors, regulators, and industry observers because of its potential impact on competition, content production, and the broader entertainment business.
Paramount has not announced a definitive closing date for the merger. In its filing, the company reiterated that the timing of the close, if any, is not yet certain. The Oct. 5 warrant issuance date is a preparatory measure, suggesting the company is moving forward with integration planning while awaiting final approvals.
The move to the NYSE would also affect how investors trade Paramount’s Class B stock and could influence liquidity and visibility among institutional investors. Companies often switch exchanges to align with peers, reduce trading costs, or improve their profile ahead of major corporate events. Paramount’s decision comes as media stocks face pressure from streaming economics, advertising softness, and shifting consumer habits.
For now, Paramount’s focus is on completing the regulatory and corporate steps needed to finalize the Warner Bros. Discovery combination. The share listing change is one of several housekeeping items tied to that process, and the company has made clear that the schedule could still be adjusted.
Investors and industry analysts will be watching for further announcements about the exact date of the NYSE transfer and any updates on the merger’s progress. The coming weeks are expected to bring more clarity on both fronts as Paramount moves toward a new chapter in its corporate history.
3
