Activist Investor Ancora Acquires Stake in Warner Bros.
Activist investor Ancora Holdings has acquired a roughly $200 million stake in Warner Bros. Discovery (WBD) and is pushing the company to walk away from its planned $72 billion deal with Netflix. Ancora plans to oppose the sale of Warner's key TV, film, and streaming assets (including HBO Max), reportedly favoring a better offer from Paramount Skydance instead.
This could shake up the ongoing Warner Bros. acquisition drama! ๐๐ฅ #WBD #ActivistInvestor
(Reported via WSJ / Reuters, Feb 2026)
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