Ancora Holdings Opposes Netflix Deal for Warner Bros and Backs Paramount Bid
Ancora Holdings is opposing the Netflix-Warner Bros deal in favor of Paramount. The investor claims the current bid offers poor value and faces antitrust risks.
Insights:
Ancora Holdings has disclosed a nearly $200 million stake in Warner Bros. Discovery, Inc. and announced its intention to oppose the company's proposed sale of its studios and streaming assets to Netflix, Inc. . The activist investor stated today, February 11, 2026, that it instead supports a rival takeover offer from Paramount Global . This move is expected to influence the upcoming Warner Bros Discovery shareholder vote, which is anticipated to take place by April.
