Activist hedge fund Sachem Head Capital Management increased its stake in Warner Bros Discovery during the fourth quarter, stepping up its exposure as takeover speculation and strategic uncertainty intensify around the media group, according to a report by Reuters.
Regulatory filings show Sachem Head more than doubled its holding to nearly 8 million shares by the end of December, making Warner Bros Discovery one of the fund’s 10 largest US equity positions. The company currently has a market cap...
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