Paramount (PARA, PARAA) is set to release its first quarter earnings report after the market closes on Monday, adding another layer of anticipation to the already heightened discussions surrounding its potential merger with Skydance.

Amid this backdrop, Yahoo Finance's Alexandra Canal provides an in-depth analysis, shedding light on the details and offering insight into the timeline of Paramount's acquisition endeavors over the years.

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(Disclosure: Apollo Global Management is the parent company of Yahoo and Yahoo Finance)

Editor's note: This article was written by Angel Smith