Activist investor Ancora pushes Warner Bros to walk away from Netflix deal, WSJ reports

Netflix, Inc. +1.35%
Paramount Skydance +5.32%
Warner Bros Discovery -0.62%

Netflix, Inc.

NFLX

107.71

+1.35%

Paramount Skydance

PSKY

11.67

+5.32%

Warner Bros Discovery

WBD

27.20

-0.62%

- Activist investor Ancora Holdings has built a roughly $200 million stake in Warner Bros Discovery WBD.O and plans to oppose Warner's deal to sell its prized TV and film assets to Netflix NFLX.O, the Wall Street Journal reported on Tuesday.

Reuters could not immediately verify the report.