Paramount Global discusses potential acquisition by Skydance Media amid competing bids.

Paramount Global is in discussions with Skydance Media for a potential deal, with Skydance possibly acquiring National Amusements and merging with Paramount, subject to board approval. This development occurs amidst competing bids from Apollo Global Management and Byron Allen's Allen Media Group. Paramount's stock price aligns favorably with key moving averages, and technical indicators show mixed sentiment in the uncertain media landscape.