Paramount Open to Selling Kids Channels for EU’s Warner Deal Nod

Paramount Skydance Corp. is prepared — if necessary — to divest some children’s TV network assets to help win European Union approval of its $110 billion bid for Warner Bros. Discovery Inc.

While Paramount is hoping to avoid selling off anything, it’s open to sacrificing kids channels if the EU raises red flags over overlaps that pose a threat to competition, according to people familiar with the matter who spoke under condition of anonymity.

They added that the company is yet to make a decision on if, or when, it would submit formal remedies as the clock ticks toward the ...