Activist investor takes aim at Warner Bros deal with Netflix
Ancora Holdings accused WBD board of failing to give proper consideration to rival bid from Paramount
Ancora Holdings accused WBD board of failing to give proper consideration to rival bid from Paramount

David Ellison is keeping his powder dry since WBD shareholders do not vote on rival Netflix deal until March at earliest

Board warns shareholders over ‘extraordinary’ amount of debt financing and $4.7bn of costs if it backs out of Netflix deal

David Ellison’s offer provides ‘untenable degree of risk’ and ‘potential downside’ for WBD shareholders

Warner’s recommendation to reject Ellison offer adds twist to takeover saga that could reshape Hollywood

Ellison-led group says it will nominate directors to counter Netflix deal for fabled studio

Paramount chief executive met investors in New York to push his hostile bid for the Hollywood studio group