Sources: activist investor Ancora Holdings has built a roughly $200M stake in WBD and is planning to oppose the Netflix-WBD deal, favoring a deal with Paramount (Lauren Thomas/Wall Street Journal)
Lauren Thomas / Wall Street Journal:
Sources: activist investor Ancora Holdings has built a roughly $200M stake in WBD and is planning to oppose the Netflix-WBD deal, favoring a deal with Paramount — Ancora builds a roughly $200 million stake in Warner Bros. Discovery and favors a deal with David Ellison’s Paramount Skydance