Activist investor Ancora publicly opposes the WBD-Netflix deal

In Brief ​Netflix’s $82.7 billion bid to acquire Warner Bros. Discovery (WBD) is facing significant new resistance. Investment group Ancora Holdings announced it has purchased $200 million in WBD shares and opposes Netflix’s offer. Instead, Ancora is throwing its support behind a rival bid from Paramount. The WSJ had the exclusive.  ​In a press release on Wednesday, Ancora aligned itself with Paramount’s arguments: it claims the Netflix deal is inferior, involves more regulatory risk, and doesn’t deliver a ...