Activist investor Ancora to oppose Netflix-Warner Bros deal, backs Paramount bid

By Aditya Soni Feb 11 (Reuters) - Activist investor Ancora Holdings has built a stake in Warner Bros Discovery and plans to oppose the media company's deal with Netflix for its studios and streaming assets, in the latest twist to the heated Hollywood takeover battle. Ancora, which has a stake ‌worth nearly $200 million, said on Wednesday that Warner Bros' board did not adequately engage in talks with Paramount Skydance over a rival offer for ‌the whole company, including cable assets such as CNN and TNT. ...