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Ancora moves to block Netflix deal
Mint Mumbai
|February 12, 2026
Activist investor Ancora Capital has built a stake in Warner BrosDiscovery and plans to oppose the media company’s deal with Netflix for its studios and streaming assets, the latest twist in the heated Hollywood takeover battle.
Ancora says Warner's board hasn't engaged with paramount over a rival offer.
(AP)
Ancora, which has a stake of around $200 million in the HBO owner, said on Wednesday Warner Bros’ board has not adequately engaged in talks with Paramount Skydance over a rival offer for the whole company, including cable assets such as CNN and TNT.
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