Ancora Holdings has built a stake of about $200M in Warner Bros. Discovery (WBD) and plans to oppose the company’s deal to sell its studios/HBO Max service to Netflix (NFLX), The Wall Street Journal’s Lauren Thomas reports, citing people familiar with the matter. Warner has failed to adequately engage with David Ellison’s Paramount Skydance (PSKY) and may announce its position as soon as Wednesday, the report states.
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