Ancora buys stake, rallies shareholders

Activist investor Ancora Holdings bought a stake in Warner to block a planned sale to Netflix and sought to rally shareholders behind a rival Paramount-Skydance bid.

Kathimerini

Netflix – Warner: The 'hard' $11 billion fund aiming to block the deal

Warner is worth about $69 billion, making Ancora's stake in the company less than 1%. However, this fund could help rally other investors around opposing Netflix's acquisition.

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Der Standard

Ancora will Verkauf von Warner Bros an Netflix verhindern

Investor sprach sich für eine Fusion mit dem konkurrierenden Kaufinteressenten Paramount Skydance aus

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Handelsblatt

Takeover: Investor Ancora seeks to block Warner Bros' sale to Netflix

The investor Ancora Holdings has reportedly acquired stakes in the entertainment group. Now the planned sale to Netflix is expected to be blocked. What the investor is planning next.