Starmer declares months timeline for social media age limits • The Register

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UK prime minister Keir Starmer has set a “months” timeline for the long-brewing plan for a social media age limit, signaling the government is ready to pick a fight with Big Tech if that’s what it takes.

In a Substack post, Starmer said ministers want powers to set a minimum age for social media far more quickly than it took to grind the Online Safety Act through Parliament, arguing the move is needed to prevent children from being exposed to harmful content and addictive platform design.

kids on social media

House of Lords votes to ban social media for Brits under 16

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The post lands alongside a broader package of measures the government says will be fleshed out through a consultation starting in March as ministers look to expand and tweak the existing online safety framework.

Starmer leaned heavily on the idea that social platforms are distorting children’s development, warning: “Young people’s sense of self depends on this algorithm.”

His post singles out so-called engagement features, such as infinite scroll and auto-play, as examples of functionality that could face restrictions if officials deem them detrimental to children’s well-being, indicating a willingness to push beyond content moderation into the mechanics of how platforms capture attention.

“We will bring new powers that will give us the ability to crack down on the addictive elements of social media, stop the auto-play, the never-ending scrolling, that keeps are [sic] children hooked on their screens for hours, and stop kids getting around age limits,” Starmer wrote.

The UK wouldn’t be alone in targeting infinite feeds. EU regulators are already probing TikTok over whether its limitless scrolling and recommendation algorithms pose systemic risks under the Digital Services Act, a case that could force design changes and set a precedent for others to follow.

Another eyebrow-raising idea is limiting children’s ability to use VPNs to dodge safeguards, a nod to the cat-and-mouse game regulators face whenever age checks or feature restrictions are introduced, but exactly how that would work in practice is anyone’s guess.

The government is also proposing measures that will require tech companies to preserve data on a child’s device if they die – a change championed by campaigners behind so-called Jools’ Law – and to bring AI chatbots more explicitly into scope of the online safety regime, reflecting growing concern about how younger users interact with generative tools and the “vile illegal content” created by AI.

This move follows recent scrutiny of Elon Musk’s Grok chatbot after the UK’s privacy watchdog opened a formal investigation into xAI over the bot generating sexual images of real people without consent – a scandal that has intensified calls to tighten rules around AI tools.

Technology secretary Liz Kendall said: “I know that parents across the country want us to act urgently to keep their children safe online. That’s why I stood up to Grok and Elon Musk when they flouted British laws and British values.”

“We will not wait to take the action families need, so we will tighten the rules on AI chatbots and we are laying the ground so we can act at pace on the results of the consultation on young people and social media,” Kendall added. “We are determined to give children the childhood they deserve and to prepare them for the future at time of rapid technological change.”

The tone throughout Starmer’s post is combative, with the PM framing the effort as a willingness to take on Silicon Valley if necessary. “And if that means a fight with the big social media companies, then bring it on,” he said.

However, it’s not just social media platforms that are unlikely to welcome Starmer’s fast-track plans. Digital rights groups have warned that any meaningful under-16 ban quickly runs into the reality of age-gating at scale, which they claim would mean mass age checks across large swathes of the internet.

For now, nothing changes overnight, but by setting a “months” timeline for age limits, floating curbs on addictive features, and widening the rules to cover AI tools, platforms have been put firmly on notice. ®



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‘Baby boxes’ for surrendering newborns on rise in US | Newsfeed

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Anti-abortion groups are promoting ‘baby boxes’ in the US, facilities where vulnerable mothers can surrender their newborns anonymously. Al Jazeera’s Phil Lavelle explains the initiative.



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New weather warnings for snow and ice issued for large swathes of UK | UK News

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New warnings for snow and ice have been issued by the Met Office for parts of the UK – with hundreds of flood alerts also active.

A yellow warning for snow and ice is in place in Scotland from 3pm on Monday until 10am on Tuesday.

A separate yellow warning for ice has been issued for huge swathes of England and Scotland from 6pm on Monday until 10am on Tuesday.

Northern Ireland also has a yellow warning for ice in place from 8pm on Monday until 10am on Tuesday.

The Met Office said: “Areas of rain, sleet, and hill snow will move southeastwards through Monday evening and night before clearing to the North Sea.

“Whilst some patchy accumulations of snow will be possible, more especially on ground above 150-200m elevation, ice will be a greater hazard as temperatures fall fairly quickly once showers clear away.

“In addition, a period of strong northwesterly winds are also likely along some North Sea coasts later in the night and into Tuesday morning.”

Pic: Met Office
Image: Pic: Met Office

It warned of the risk of “injuries from slips and falls on icy surfaces” as well as “probably some icy patches on some untreated roads, pavements and cycle paths”.

Meanwhile, the Environment Agency urged the public to stay vigilant amid the continuing risk of floods.

There are 75 flood warnings – where flooding is expected – already in place across England. The Environment Agency has also issued a further 189 flood alerts, where flooding is described as possible.

Jonathan Day, flood duty manager at the Environment Agency, said more than 24,000 homes and businesses have been protected, but around 330 have been flooded.

Read more from Sky News:
‘Mutinous’ mood at UK’s foreign office

Team GB enjoy record-breaking day at Winter Olympics

Why is the UK so wet?

Met Office operational meteorologist Dan Stroud said there is the possibility of some black ice and slippery surfaces, adding people should take extra care.

He said: “Monday really is a day of sunny spells and blustery showers.

“Overnight Monday into Tuesday we will see a frosty start. It’s going to be a largely dry day, some decent amounts of winter sunshine.

“But it does start to go downhill later in the day, from the south and the west we’ve got a broad area of cloud and rain pushing in south-west England and South Wales late on Tuesday, during the course of Wednesday this will bring a mix of rain, sleet and hill snow.”

Mr Stroud added: “We do need to keep an eye on this system, there’s the potential for snow warnings to be issued.

“Thursday into Friday will be largely dry with some clear skies, turning milder towards the end of the week.”



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Nancy Mace introduces bill to target animal-abusing aliens

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Republican Rep. Nancy Mace Mace of South Carolina has introduced legislation that would make illegal immigrants who engage in animal cruelty inadmissible to the United States and subject to deportation.

The measure is called the “Illegal Alien Animal Abuser Removal Act of 2026.”

“If you come here illegally, you’re already a criminal. Add animal cruelty to the list and you’re on the next flight back to where you came from,” Mace said, according to a press release

NANCY MACE RIPS TRANS ATHLETE’S ATTORNEY FOR REFUSING TO DEFINE SEX AT SCOTUS WOMEN’S SPORTS HEARING

Nancy Mace with dog

Nancy Mace holds a dog on Jan. 5, 2023 in Washington, D.C. (Chip Somodevilla/Getty Images)

“We have a duty to protect the voiceless from torture and abuse. Animal cruelty is a proven red flag for violence against people. These criminals escalate. Our bill makes it crystal clear: commit these sick acts and you’re deported. Immediately. No second chances,” she added.

Mace, who has served in the House since 2021, is currently running for South Carolina governor.

REP NANCY MACE SLAPS DOWN EARLY RETIREMENT RUMOR: ‘BIG FAT NO FROM ME’

Nancy Mace with dog

Nancy Mace holds a dog as she casts her vote to adjourn in the House Chamber during the third day of elections for Speaker of the House at the U.S. Capitol Building on Jan. 5, 2023 in Washington, D.C. (Chip Somodevilla/Getty Images)

“The message is clear: abuse animals, get deported. America will not be a sanctuary for animal abusers, especially ones who broke into our country illegally in the first place. Pack your bags,” she noted, according to the release.

Under the legislation, an alien convicted under state, tribal or local laws related to animal cruelty, abuse or animal fighting would be deemed inadmissible and deportable. The bill also specifies that convictions under certain federal animal welfare statutes would carry the same immigration consequences.

‘TR*NSGENDER ANTIFA’ EXTREMIST CHARGED WITH ATTEMPTED MURDER AFTER SKATING ON DEATH THREAT, REP MACE SAYS

Rep. Nancy Mace and her dog

Rep. Nancy Mace, R-S.C., and her dog Liberty are seen in the U.S. Capitol on Wednesday, May 24, 2023. (Tom Williams/CQ-Roll Call, Inc via Getty Images)

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The proposal further states that an alien who admits to committing acts that constitute such offenses could also be deemed inadmissible.



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Italy’s famous Lovers’ Arch collapses into the sea on Valentine’s Day | Italy

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The famous arch of the sea stacks at Sant’Andrea in Melendugno, Puglia, Italy, popularly known as Lovers’ Arch, collapsed on Valentine’s Day after strong storm surges and heavy rain swept across southern Italy.

The rocky arch, one of the best-known natural landmarks on the Adriatic coast, got its name as it served as a backdrop for wedding proposals, selfies and postcards, and was one of the most recognisable symbols of the Salento, one of Italy’s most heavily visited tourist areas.

“It is a devastating blow to the heart,” said Melendugno’s mayor, Maurizio Cisternino. “One of the most famous tourist features of our coastline and of the whole of Italy has disappeared.”

According to local authorities, strong winds, rough seas and intense rainfall in recent days progressively weakened the rock structure until its final collapse on Saturday. It is the most significant damage inflicted by coastal erosion on the landscape of the Salento.

“Nature has been overturned: what existed 30 years ago no longer exists. We must find the resources for an organic intervention,” Cisternino added.

“It’s like a funeral,” said Melendugno’s tourism councillor, Francesco Stella.

Mediterranean cyclones, known as medicanes, include Cyclone Harry which struck in Janary, have been devastating ports, homes and roads, reshaping the structure of coastlines. Medicanes are warm-core systems that are becoming increasingly frequent in the Mediterranean, driven by rising sea temperatures linked to the climate emergency.

“With the Mediterranean [experiencing] among its hottest years on record in 2025, warmer seas are supercharging the atmosphere and fuelling extreme events,” said Christian Mulder, a professor of ecology and climate emergency at the University of Catania in Sicily.

The destructive force of these cyclones, with winds exceeding 60mph (97km/h) and seas whipped into waves of up to 15 metres, has left a long trail of devastation, destroying ports, damaging homes as well as tearing up roads and eating away long stretches of coastline in southern Italy.

On 25 January, after torrential rain brought by Cyclone Harry, a devastating landslide tore away an entire slope in the town of Niscemi, Sicily, creating a 4km-long chasm. Roads collapsed, cars were swallowed and whole sections of the urban fabric plunged into the valley below.



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Trump administration accused of ‘purposefully muddying waters’ with list of hundreds of names in Epstein files | US News

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The Trump administration has been accused of “purposefully muddying the waters” after releasing a list of hundreds of names mentioned in the Epstein files.

A six-page letter sent to Congress by Attorney General Pam Bondi over the weekend included a list of high-ranking politicians, including the likes of President Donald Trump, Barack Obama and former UK Prime Minister Margaret Thatcher.

Also named was Andrew Mountbatten-Windsor, whose royal and military titles were removed in light of his links to the late convicted paedophile Jeffrey Epstein, and Peter Mandelson, who recently quit the Labour Party and resigned from the House of Lords following more revelations about his relationship with Epstein.

Donald Trump and Jeffrey Epstein in 1992. Pic: NBC
Image: Donald Trump and Jeffrey Epstein in 1992. Pic: NBC

The list also included celebrities including Mick Jagger, Elvis Presley, Marilyn Monroe, George Clooney, Beyonce, Cher and Janis Joplin.

Both Andrew and Mr Mandelson have denied any wrongdoing in relation to Epstein.

Being named in the files does not suggest wrongdoing and some of those names featured in the list may not have had any correspondence or interaction with Epstein.

The attorney general claimed the list of names included all those who “are or were a government official or politically exposed person”, as well as people whose name has appeared in the files released under the act at least once.

‘Recruiters laughed as Epstein sexually assaulted me’

The letter stated the DoJ has released all “records, documents, communications and investigative materials in the possession of the Department” as required under the Epstein Files Transparency Act.

It added: “No records were withheld or redacted ‘on the basis of embarrassment, reputational harm, or political sensitivity, including to any government official, public figure, or foreign dignitary’.”

It comes after more than three million more documents related to disgraced financier Epstein, including email exchanges, more than 2,000 videos and 180,000 images, were released on 30 January.

Read more:
Survivors’ diaries reveal how Jeffrey Epstein preyed on girls and women
What do the Epstein files say about Andrew Mountbatten-Windsor?

‘All horror’: Epstein survivors’ stories told for first time

Democrat Ro Khanna, who wrote the Epstein Files Transparency Act alongside Republican Thomas Massie, criticised the list, saying: “The DOJ is once again purposefully muddying the waters on who was a predator and who was mentioned in an email.

“To have Janis Joplin, who died when Epstein was 17, in the same list as Larry Nassar, who went to prison for the sexual abuse of hundreds of young women and child pornography, with no clarification of how either was mentioned in the files is absurd.

“Release the full files. Stop protecting predators. Redact only the survivor’s names.”

Mr Massie also criticised the DoJ’s approach to the Epstein files’ release, telling ABC’s This Week On Sunday: “They’re citing deliberative process privilege in order not to release some of the documents.

“The problem with that is the bill that Ro Khanna and I wrote says that they must release internal memos and notes and emails about their decisions on whether to prosecute or not prosecute, whether to investigate or not investigate.”

He added: “I know the DOJ wants to say they’re done with this document production.

“The problem is they’ve taken down documents before we were able to go over to the DOJ and look at the unredacted versions. They took down some of the most significant documents.”

The names of both Mr Khanna and Mr Massie also appeared on the list.

Epstein was found dead in his prison cell in August 2019 shortly after he was arrested on sex trafficking charges.

Sky News has contacted the Department of Justice for comment.



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Spike Lee’s pro-Palestinian outfit catches eyes at NBA All-Star Game

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Spike Lee was seated courtside at the Intuit Dome in Southern California for the NBA All-Star Game, but it was his outfit that caught attention during the event.

Lee wore a Pro-Palestinian look to the festivities in Inglewood, California, as the league put its new format on display, which featured World All-Stars and All-Stars from the U.S. on Team Stars and Team Stripes.

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Spike Lee at the All-Star Game

Spike Lee at The 2026 NBA All-Star Game held at the Intuit Dome on Feb. 15, 2026 in Los Angeles, California. (Christopher Polk/Billboard via Getty Images)

The World All-Stars featured Portland Trail Blazers forward Deni Avdija. It was the first time an Israeli-born player appeared in an All-Star Game. Avdija wore the Israeli flag on the back of his jersey for the game.

Lee didn’t make any extra statement, but his outfit was enough of a message.

“I feel like when I come to play, I come with the entire nation, and it’s fun to show that it’s possible, even for a small country like us,” he said after the game, via Times of Israel.

While political issues didn’t appear to seep into the game, Houston Rockets star Alperen Sengun was asked about his relationship with Avdija on Saturday. Sengun is Turkish and the relationship between the two countries is far from strong.

Spike Lee points down the court

Spike Lee smiles from his courtside seat during the NBA All-Star basketball game Sunday, Feb. 15, 2026, in Inglewood, California. (AP Photo/Mark J. Terrill)

LEBRON JAMES DODGES RETIREMENT QUESTIONS AS HE MADE RECORD 22ND ALL-STAR GAME APPEARANCE

“You know, I think that stuff is a lot bigger than ours. We just going to represent our country, here, you know, the best we can. Deni is the same harder worker,” Sengun told reporters. “You know, great guy, great person. One of my good friends in this league.

“And like I said that stuff are a lot bigger than our stuff. We are just here doing what we love, and other stuff is out of our control. And hopefully, you know, of course basketball is the thing hopefully bring everyone love, and stay together, you know, that’s what we are here for. And like I said, the other stuff is out of our control, and hopefully, you know, it’s all got into peace in all world, and that’s all we wanted.”

Deni Avdija talks to reporters

Deni Avdija speaks during interviews at media day at Intuit Dome on Feb. 14, 2026.  (William Liang/Imagn Images)

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Avdija played 15 total minutes between the two games the World All-Stars played in the new format. The World All-Stars lost both games.

Follow Fox News Digital’s sports coverage on X and subscribe to the Fox News Sports Huddle newsletter.



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New ZeroDayRAT Mobile Spyware Enables Real-Time Surveillance and Data Theft

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Cybersecurity researchers have disclosed details of a new mobile spyware platform dubbed ZeroDayRAT that’s being advertised on Telegram as a way to grab sensitive data and facilitate real-time surveillance on Android and iOS devices.

“The developer runs dedicated channels for sales, customer support, and regular updates, giving buyers a single point of access to a fully operational spyware panel,” Daniel Kelley, security researcher at iVerify, said. “The platform goes beyond typical data collection into real-time surveillance and direct financial theft.”

ZeroDayRAT is designed to support Android versions 5 through 16 and iOS versions up to 26. It’s assessed that the malware is distributed via social engineering or fake app marketplaces. The malicious binaries are generated through a builder that’s provided to buyers along with an online panel that they can set up on their own server.

Once the malware infects a device, the operator gets to see all the details, including model, location, operating system, battery status, SIM, carrier details, app usage, notifications, and a preview of recent SMS messages, through a self-hosted panel. This information allows the threat actor to profile the victim and glean more about who they talk to and the apps they use the most.

The panel also extracts their current GPS coordinates and plots them on Google Maps, along with the history of all locations they have been to over time, effectively turning it into spyware.

“One of the more problematic panels is the accounts tab,” Kelley added. “Every account registered on the device is enumerated: Google, WhatsApp, Instagram, Facebook, Telegram, Amazon, Flipkart, PhonePe, Paytm, Spotify, and more, each with its associated username or email.”

Some of the other capabilities of ZeroDayRAT include logging keystrokes, gathering SMS messages — including one-time passwords (OTPs) to defeat two-factor authentication, as well as allowing hands-on operations, such as activating real-time surveillance via live camera streaming and a microphone feed that allows the adversary to remotely monitor a victim.

To enable financial theft, the malware incorporates a stealer component that scans for wallet apps like MetaMask, Trust Wallet, Binance, and Coinbase, and substitutes wallet addresses copied to the clipboard to reroute transactions to a wallet under the attacker’s control.

There also exists a bank stealer module to target online mobile wallet platforms like Apple Pay, Google Pay, PayPal, along with PhonePe, an Indian digital payments application that allows instant money transfers with the Unified Payments Interface (UPI), a protocol to facilitate inter-bank peer-to-peer and person-to-merchant transactions.

“Taken together, this is a complete mobile compromise toolkit, the kind that used to require nation-state investment or bespoke exploit development, now sold on Telegram,” Kelley said. “A single buyer gets full access to a target’s location, messages, finances, camera, microphone, and keystrokes from a browser tab. Cross-platform support and active development make it a growing threat to both individuals and organizations.”

The ZeroDayRAT malware is similar to numerous others that have targeted mobile device users, either via phishing or by infiltrating official app marketplaces. Over the past few years, bad actors have repeatedly managed to find various ways to bypass security protections put in place by Apple and Google to trick users into installing malicious apps.

Attacks targeting Apple’s iOS have typically leveraged an enterprise provisioning capability that allows organizations to install apps without the need for publishing them to the App Store. By marketing tools that combine spyware, surveillance, and information-stealing capabilities, they further lower the barrier of entry for less skilled hackers. They also highlight the evolving sophistication and persistence of mobile-focused cyber threats.

News of the commercial spyware platform coincides with the emergence of various mobile malware and scam campaigns that have come to light in recent weeks –

  • An Android remote access trojan (RAT) campaign has used Hugging Face to host and distribute malicious APK files. The infection chain begins when users download a seemingly harmless dropper app (e.g., TrustBastion) that, when opened, prompts users to install an update, which causes the app to download the APK file hosted on Hugging Face. The malware then requests accessibility permissions and access to other sensitive controls to enable surveillance and credential theft.
  • An Android RAT called Arsink has been found to use Google Apps Script for media and file exfiltration to Google Drive, in addition to relying on Firebase and Telegram for C2. The malware, which allows data theft and complete remote control, is distributed via Telegram, Discord, and MediaFire links, while impersonating various popular brands. Arsink infections have been concentrated in Egypt, Indonesia, Iraq, Yemen, and Türkiye.
  • A document reader app named All Document Reader (package name: com.recursivestd.highlogic.stellargrid) uploaded to the Google Play Store has been flagged for acting as an installer for the Anatsa (aka TeaBot and Toddler) banking trojan. The app attracted over 50,000 downloads before it was taken down.
  • An Android banking trojan called deVixor has been actively targeting Iranian users through phishing websites that impersonate legitimate automotive businesses since October 2025. Besides harvesting sensitive information, the malware includes a remotely triggered ransomware module capable of locking devices and demanding cryptocurrency payments. It uses Google Firebase for command delivery and Telegram-based bot infrastructure for administration.
  • A malicious campaign codenamed ShadowRemit has exploited fake Android apps and pages mimicking Google Play app listings to enable unlicensed cross-border money transfers. These bogus pages have been found to promote unauthorized APKs as trusted remittance services with zero fees and improved exchange rates. “Victims are instructed to send payments to beneficiary accounts/eWallet endpoints and provide transaction screenshots as proof for verification,” CTM360 said. “This approach can bypass regulated remittance corridors and aligns with mule-account collection patterns.”
  • An Android malware campaign targeting users in India has abused the trust associated with government services and official digital platforms to distribute malicious APK files through WhatsApp, leading to the deployment of malware that can steal data, establish persistent control, and run a cryptocurrency miner.
  • The operators of an Android trojan and cybercrime tool called Triada have been observed using phishing landing pages disguised as Chrome browser updates to trick users into downloading malicious APK files hosted on GitHub. According to an analysis by Alex, attackers are “actively taking over long-standing, fully verified advertiser accounts to distribute malicious redirects.”
  • A WhatApp-oriented scam campaign has leveraged video calls, in which the threat actor poses as a bank representative or a Meta support and instructs them to share their phone’s screen to address a purported unauthorized charge on their credit card, and install a legitimate remote access app, such as AnyDesk or TeamViewer, to steal sensitive data.
  • An Android spyware campaign has leveraged romance scam tactics to target individuals in Pakistan to distribute a malicious dating chat app dubbed GhostChat to exfiltrate victims’ data. It’s currently not known how the malware is distributed. The threat actors behind the operation are also suspected to be running a ClickFix attack that infects victims’ computers with a DLL payload that can gather system metadata and run commands issued by an external server, as well as a WhatsApp device-linking attack called GhostPairing to gain access to their WhatsApp accounts.
  • A new family of Android click fraud trojans called Phantom has been found to leverage TensorFlow.js, a JavaScript machine learning library, to automatically detect and interact with specific advertisement elements on a site loaded in a hidden WebView. An alternative “signaling” mode uses WebRTC to stream a live video feed of the virtual browser screen to the attackers’ server and allow them to click, scroll, or enter text. The malware is distributed via mobile games published to Xiaomi’s GetApps store and other unofficial, third-party app stores.
  • An Android malware family called NFCShare has been distributed via a Deutsche Bank phishing campaign to deceive users into installing a malicious APK file (“deutsche.apk”) under the pretext of an update, which reads NFC card data and exfiltrates it to a remote WebSocket endpoint. The malware shares similarities with NFC relay malware families like NGate, ZNFC, SuperCard X, PhantomCard, and RelayNFC, with its command-and-control (C2) server previously flagged as associated with SuperCardX activity in November 2025.

In a report published last month, Group-IB said it has witnessed a surge in NFC-enabled Android tap-to-pay malware, most of which is advertised within Chinese cybercrime communities on Telegram. The NFC-based relay technique is also referred to as Ghost Tap.

“At least $355,000 in illegitimate transactions have been recorded from one POS vendor alone throughout November 2024 – August 2025,” the Singapore-headquartered cybersecurity company said. “In another observed scenario, mobile wallets preloaded with compromised cards are used by mules across the globe to make purchases.”

Group-IB also said it identified three major vendors of Android NFC relay apps, including TX-NFC, X-NFC, and NFU Pay, with TX-NFC amassing over 25,000 subscribers on Telegram since commencing operations in early January 2025. X-NFC and NFU Pay have more than 5,000 and 600 subscribers on the messaging platform, respectively.

The end goal of these attacks is to trick victims into installing NFC-enabled malware and tapping their physical payment cards on their smartphone, causing the transaction data to be captured and relayed to the cybercriminal’s device through an attacker-controlled server. This is achieved by means of a dedicated app installed on the money mule’s device to complete payments or cash-out as though the victims’ cards were physically present.

Calling tap-to-pay scams a growing concern, Group-IB said it observed a steady increase in the detection of malware artifacts between May 2024 and December 2025. “At the same time, different families and variants are also appearing, while the old ones remain active,” it added. “This indicates the spread of this technology among fraudsters.”



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Warner Bros Discovery weighs new sale talks after fresh Paramount offer | Warner Bros

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Warner Bros Discovery (WBD) is reportedly weighing reopening sales talks with Paramount Skydance, in a move that could spark a fresh bidding war with Netflix for the Hollywood film and TV company.

Members of the board of WBD are discussing whether to re-engage with Paramount, which is pursuing a hostile $108.4bn (£76.8bn) cash takeover directly with shareholders in a bid to derail an agreed deal with Netflix, according to Bloomberg.

Paramount said last week that it would cover a $2.8bn fee owed to Netflix if WBD pulled out of its agreement and is offering to backstop a multibillion-dollar refinancing to eliminate $1.5bn in costs. It has also added a “ticking fee” amounting to about $650m in cash each quarter if the deal is not closed by the end of the year.

Paramount moved last week to bolster its political lobbying power by appointing Rene Augustine, a former attorney in the Trump administration, as its senior vice-president of global public policy.

David Ellison, the chair and chief executive of Paramount, said its dogged pursuit of WBD showed its “strong and unwavering commitment to delivering the full value WBD shareholders deserve”.

WBD responded by saying that it was reviewing the amended offer from Paramount and is facing pressure from some smaller shareholders, including Pentwater Capital Management and Ancora Holdings Group, to engage with the rival bidder.

However, so far shareholders representing less than 2% of WBD’s stock have been committed to Paramount’s hostile bid, and the company has already twice extended its deadline, which now stands at 20 February.

If WBD decides to formally open talks with Paramount it would need to notify Netflix first, and such a move is likely to kick off a further sweetening of offers.

In January, Netflix sweetened its offer for the studios and streaming businesses of WBD by making it an all-cash deal.

Under the Netflix deal, the streaming company is seeking to take control of prized assets such as Warner Bros, the studio behind franchises including Harry Potter, Superman and Batman, as well as HBO, home to shows including Game of Thrones, The White Lotus and Succession.

However, it is not seeking to acquire its global networks operation, including CNN, the Cartoon Network and Discovery Channel, which is proposed to be spun off with WBD investors taking a stake.

Paramount is seeking to take over the entirety of the media conglomerate.

Members of the Warner Bros board are discussing whether Paramount is the better deal but have not decided how to respond, Bloomberg reported.

WBD had said it was planning a special shareholders’ meeting at some point in April to vote on the Netflix merger.



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