Paramount Skydance tells the SEC it renames itself Skydance Corporation with effect from 6 October, the day its takeover of Warner Bros. Discovery is expected to close, and moves its Class B stock from Nasdaq to the New York Stock Exchange under the ticker SKYD, replacing PSKY. WBD shareholders receive $31.01666668 a share in cash if the deal closes on that date; the WBD brands passing to the merged company include Eurosport and TNT Sports. For European producers and sellers, two of the large US buyers become one company.