It’s Paramount’s latest effort to derail rival bidder Netflix, which has a deal to buy the company’s prized studios and HBO Max streaming service. Most Read from The Wall Street JournalShould Warner decide Paramount’s offer is better, Netflix has the right to match it, under the terms of its purchase agreement. Netflix isn’t interested in the cable networks, which Warner is in the process of spinning off into a separate company called Discovery Global. Warner said Paramount’s owner has also agreed to contribute additional funding, if needed, to satisfy its lenders. Paramount would additionally be on the hook for the $2.8 billion breakup fee Warner would owe Netflix should that deal fall apart.

Source: Wall Street Journal February 25, 2026 03:47 UTC