How do I record the Paramount Global Class B becoming Paramount Skydance Corp CL B?

@DBLOMEKE here are instructions from Copilot -

To record the transition from Paramount Global Class B (PARA) to Paramount Skydance Corp Class B (PSKY) in Quicken, you'll want to treat this as a corporate merger with a 1:1 share exchange. Here's how to do it step-by-step:

🧾 Step-by-Step: Recording the Merger in Quicken

1. Back Up Your Quicken File

Always start by backing up your data before making structural changes.

2. Use the “Corporate Acquisition (stock for stock)” Action

Go to your investment account where Paramount Global Class B shares are held:

• Click on Enter Transactions
• Choose Corporate Acquisition (stock for stock)

3. Fill Out the Merger Details

Use the following values based on the merger terms:

• Acquiring Company: Paramount Skydance Corp Class B
• Number of New Shares Received: Equal to the number of Paramount Global Class B shares you held (1:1 ratio)
• Date of Acquisition: August 7, 2025
• Ticker Symbol: PSKY
• Cost Basis Allocation: Quicken will automatically transfer the cost basis from PARA to PSKY

4. Verify the New Holdings

After the transaction is entered:

• Your PARA shares should be removed
• You should now see PSKY shares with the same quantity and cost basis

5. Update the Security Name and Ticker

If Quicken hasn’t updated the name or ticker automatically:

• Go to Tools > Security List
• Find Paramount Global Class B (PARA)
• Rename it to Paramount Skydance Corp Class B
• Update the ticker to PSKY

🧠 Pro Tip

If you had any reinvested dividends or lots with different acquisition dates, Quicken should preserve those during the merger. Still, it’s wise to review the lot details to ensure accuracy.