TNB Tech Minute: Activist Investor Wants Warner to Reconsider Paramount Offer
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 11 February 2026
⏱️ 3 minutes
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| 0:00.0 | How are the U.S. businesses of Philip Morris International invested in America? |
| 0:05.0 | We're invested in advancing science, giving adults who smoke better options. |
| 0:10.0 | We're invested in American manufacturing, helping local economies thrive. |
| 0:15.0 | We're invested in community, supporting military veterans and their families, |
| 0:19.0 | disaster relief, and economic empowerment. |
| 0:22.5 | Because we're proud to be invested in America. |
| 0:25.9 | See how at uspMI.com. |
| 0:31.2 | Here's your afternoon TNB Tech Minute for Wednesday, February 11th. |
| 0:35.8 | I'm Julie Chang for the Wall Street Journal. |
| 0:38.2 | An activist investor wants Warner to walk away from its Netflix deal. And Cora Holdings has built a |
| 0:44.0 | roughly $200 million stake in Warner Brothers Discovery. The investor says Warner inadequately considered |
| 0:50.0 | paramount $78 billion all-cash offer, and it opposes the $72 billion Netflix deal. |
| 0:56.7 | Encore a stake in the company is less than 1%. But people familiar with the matter say the investor |
| 1:02.2 | plans to buy more shares and might launch a proxy fight if Warner's board doesn't negotiate with Paramount. |
| 1:08.8 | Lyft logged mixed results in its latest quarter. The right-hailing |
| 1:12.8 | platform reported that revenue for the fourth quarter increased 3% to nearly $1.6 billion, |
| 1:19.3 | boosted by double-digit growth in bookings. Active riders and rides increased by 18% and 11% |
| 1:26.1 | respectively, but were both below Wall Street expectations. Lyft posted a profit |
| 1:31.2 | of about $2.7 billion, compared with $61.7 million a year earlier, but that included a $2.9 billion |
| 1:39.9 | benefit from the release of a large valuation allowance. Looking ahead, the company plans to |
| 1:45.1 | double down on its autonomous vehicle strategy. And Cryptolender Blockfills has suspended |
| 1:51.4 | customer withdrawals in light of the recent crypto plunge. The company temporarily halted |
... |
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