Ancora opposes WBD-Netflix merger, backs Paramount bid

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Ancora Releases Presentation Regarding its Strong Opposition to the Currently Proposed WBD-Netflix Merger

February 11, 2026 7:00 AM UTC

Contends the Netflix Proposal Includes Inferior and Uncertain Cash Consideration, the Likely Debt-Laden Discovery Global Spinoff and a Hail Mary Path to Regulatory Approval

Details the Risks to Creative Production, Jobs and the Future of Human Talent in the Film and TV Industries Under a Seemingly Monopolistic WBD-Netflix Behemoth

Makes Clear the Paramount Offer Includes Significantly More Cash, the Backing of the Proven Ellison Trust and a Viable Path to Regulatory Approval Thanks to Modest Size and Studio Legacy

Urges the WBD Board to... More