The press release states:
In 2012, Paramounts release slate highlights include World War Z, a zombie thriller starring Brad Pitt and directed by Marc Forster, G.I. Joe: Retaliation, the next installment in the global franchise starring Dwayne The Rock Johnson and Channing Tatum, a new chapter in the Paranormal Activity franchise, and The Dictator, starring Sacha Baron Cohen and directed by Larry Charles, the team behind Borat.
Of course, this is a no brainer. Paranormal Activity 3 grossed over $200 million worldwide. I’ll be curious to see who they bring in to direct. Are Henry Joost and Ariel Schulman of part three available?