Paramount Global Price & Performance (PARAA)

Sony has officially withdrawn from the race to acquire Paramount Global, leaving Skydance Media as the only major contender. Paramount's owners retain a 45-day window, ending August 21, to seek better offers, but Sony's departure narrows the field and increases the likelihood of a Skydance-Paramount merger proceeding.1

The merger between Skydance Media and Paramount Global is now subject to a 90-day extension as both companies await FCC approval. Previous regulatory hurdles have been cleared, but the deal’s completion is now pushed to July 7, with the potential for another extension if necessary.2

Paramount Global’s stock price rose over 2% on Tuesday, prompting an upgrade from 'Sell' to 'Hold/Accumulate.' Despite a positive short-term trend, falling trading volume and a negative long-term outlook suggest investors should monitor the stock closely for possible shifts in momentum.3