Paramount Global to Shift Class B Shares to NYSE Amid Warner Bros. Discovery Merger Talks

Paramount Global announced its intention to transfer the listing of its Class B shares from the Nasdaq to the New York Stock Exchange (NYSE) in early October. This strategic move is occurring while the company is engaged in ongoing discussions regarding a potential $110 billion merger with Warner Bros. Discovery.

The company disclosed this plan in a recent Securities and Exchange Commission (SEC) filing, indicating that the exact date for the share listing transfer could be influenced by the developments in the proposed merger. The relocation to the NYSE represents a significant shift in Paramount's stock market presence.