Activist investor Ancora takes aim at Hasbro

Activist hedge fund Ancora is taking aim at Hasbro. The investor is seeking the replacement of company directors and for the company to pursue the full or partial sale of Entertainment One, according to a letter seen by Axios.

Why it matters: Hasbro is already defending itself in a proxy fight with activist Alta Fox, which has nominated directors and is pushing for the spin-off of Wizards of the Coast.