Market Chatter: Warner Bros. Discovery Draws Interest From Ancora

MT Newswires Live
Feb 11

Warner Bros. Discovery (WBD) has drawn the interest of activist investor Ancora, which has built a $200 million stake in the company, The Wall Street Journal reported Tuesday, citing unnamed people familiar with the matter.

Ancora is also planning to block Warner's deal to sell its movie and television studios and HBO Max streaming service to Netflix (NFLX), sources told WSJ.

The move adds another layer of uncertainty to the prolonged battle for the Hollywood studio, which is already the target of competing takeover offers from Netflix and Paramount (PSKY), the report added.

Ancora's position could be announced as soon as Wednesday, the report said.

Warner Bros. Discovery and Ancora did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10