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DEVELOPING: Ancora Slams WBD-Netflix Deal: Shares in Jeopardy!

DEVELOPING: Ancora Slams WBD-Netflix Deal: Shares in Jeopardy!

Investment group Ancora Holdings is opposing Netflix's bid to acquire Warner Bros. Discovery (WBD). Ancora has purchased $200 million in WBD shares. They are backing a rival offer from Paramount.

Ancora believes the Netflix deal is inferior. It claims the deal involves more regulatory risk. It also says it doesn't deliver as much immediate cash to shareholders.

Paramount recently improved its bid. It offered WBD shareholders an incentive. They would receive $0.25 per share each quarter the deal remains unclosed after December 31, 2026. Paramount also pledged to cover the termination fee owed to Netflix.

Ancora will vote against the Netflix deal. They will also press for board accountability at the 2026 annual meeting if the WBD board refuses to reconsider Paramount's proposal.

This is a developing story.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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