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Activist Ancora builds $200M stake in Warner Bros. Discovery, threatens proxy fight

Warner Bros. Discovery logoWarner Bros. Discovery
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Ancora Holdings has built a roughly $200 million stake in Warner Bros. Discovery and is urging the board to engage better with Paramount Skydance’s $30-per-share offer. Ancora emailed CEO David Zaslav, warning it may launch a proxy fight if shareholders aren’t offered the best terms. The WBD-Netflix deal remains delayed amid regulatory review, with both companies’ shares down about 25% to 27% over three months.

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