Ancora Capital builds stake in Warner Bros, plans to oppose Netflix deal [Yahoo! Finance Canada]
Paramount Skydance Corporation - Class B (PSKY)
Company Research
Source: Yahoo! Finance Canada
Ancora, which has a stake of around $200 million ?in the HBO owner, said on Wednesday Warner Bros' board has not adequately engaged in talks with Paramount Skydance over a rival offer ?for the whole company, including cable assets such as CNN and TNT. "The currently proposed Netflix-WBD deal asks shareholders to accept inferior value, gamble on an uncertain spinoff and shoulder significant regulatory risk — despite the availability of a higher value and more certain $30 per share offer from Paramount," the activist investor said on its website. Paramount and Netflix both covet ?Warner Bros for its leading film and ?television studios, extensive content library and major franchises such as "Game of Thrones," "Harry Potter" and DC Comics superheroes like Batman. Warner Bros, Paramount and Netflix did not immediately respond to Reuters ?requests for comment. Warner Bros has a market value of about $68 billion, implying that Ancora's stake represents less than 1% of its outstanding
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PSKY
News
- Shows "Tires," "Mayor of Kingstown" awarded $34 million to film in Pennsylvania by Shapiro administration [CBS News]CBS News
- Paramount Skydance ups bid to buy Warner Bros. Discovery [CBS News]CBS News
- Paramount and Mattel Announce Multi-Year Global Licensing Partnership for Teenage Mutant Ninja TurtlesPR Newswire
- Wall Street Lunch: Retail Sales Stall In December As Middle And Lower-Income Consumers Hit Pause [Seeking Alpha]Seeking Alpha
- Paramount Skydance enhances Warner Bros acquisition offer to compete with Netflix [Yahoo! Finance]Yahoo! Finance
PSKY
Earnings
- 11/10/25 - Miss
PSKY
Sec Filings
- 2/10/26 - Form 4
- 2/10/26 - Form 4
- 2/10/26 - Form 4
- PSKY's page on the SEC website