Warner Bros was valued at about US$69 billion as of Tuesday, indicating Ancora’s stake in the company is less than 1%. Paramount sweetened the terms of its offer for Warner Bros on Tuesday by agreeing to pay the US$2.8 billion termination fee Warner Bros would owe Netflix if the deal falls apart. It will also backstop a Warner Bros debt refinancing and pay US$1.5 billion in fees associated with that, if necessary. If the Warner Bros board refuses to do this, “Ancora will vote ‘no’ on the inferior Netflix deal and seek to hold the Warner Bros board accountable at the 2026 annual meeting.”Warner Bros has said it plans to ask shareholders to vote on the Netflix deal by April. Warner Bros’ “experienced and independent board and management team have a proven track record of acting in the best interests of the company and shareholders”, Warner Bros said in a statement.

Source: The Edge Markets February 12, 2026 03:03 UTC