Activist Investor Pushes Warner Bros. to Walk Away From Netflix Deal
WSJ Minute Briefing
The Wall Street Journal
4.1 • 671 Ratings
🗓️ 11 February 2026
⏱️ 3 minutes
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| 0:32.3 | Here's your morning brief for Wednesday, February 11th. I'm Daniel Bach for the Wall Street |
| 0:36.7 | Journal. |
| 0:46.5 | Activist investor Ankora Holdings has said it will push Warner Brothers Discovery to walk away from the $72 billion deal it signed with Netflix. |
| 0:55.4 | Ancora has built a roughly $200 million stake in Warner and yesterday emailed Warner CEO David Zazlov to say it's considering a proxy fight. |
| 1:01.2 | If Warner's board doesn't negotiate the best deal for shareholders to instead sell to Paramount Skydance. Warner has consistently rebuffed Paramount $78 billion offer, arguing the Netflix deal |
| 1:07.7 | has greater value, more secure financing, and a cleaner path to being approved |
| 1:12.1 | by regulators. House lawmakers have rejected an attempt by GOP leader Mike Johnson to block |
| 1:18.0 | challenges to President Trump's tariff policies. Democrats were joined by several Republicans |
| 1:23.1 | who have criticized Trump's aggressive use of tariffs and their questionable legal underpinning. |
| 1:28.2 | A series of high-profile votes could begin as soon as today, including a Democratic |
| 1:32.1 | challenge to Trump's tariffs on Canada. And the European Union has approved Google's |
| 1:37.0 | $32 billion acquisition of cybersecurity startup whiz, making it Alphabet's largest ever takeover. |
| 1:43.5 | The deal was cleared by U.S. |
| 1:45.1 | antitrust authorities last year, with the European Commission saying that the takeover is |
| 1:49.4 | unlikely to impact competition in the block. Asian stocks end of the day mainly higher, European |
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