Prominent shareholder Harris Oakmark rejects Paramount Skydance’s latest offer to buy Warner Bros Discovery, holding out for more from Ellison family-controlled Paramount. Paramount amended its $108.4 billion bid to secure Warner Bros, with Larry Ellison personally guaranteeing $40.4 billion. Warner Bros investors have until January 21 to accept or reject the offer.

Warner Bros’ board recommends rejecting Paramount’s bid in favor of Netflix’s offer, citing more secure financing. Although Netflix’s cash offer is lower, it includes $4.50 in shares of Netflix common stock. The bidding war underscores the quality of Warner Bros assets and investors’ decisions based on financing stability and future potential.

Investors like Yussef Gheriani and Thomas Poehling weigh their options between Paramount and Netflix offers, considering stability and regulatory approval. Ellison’s guarantee provides added stability to Paramount’s bid. Vanguard, State Street, and BlackRock hold significant shares in both Warner Bros and the rival movie studios, impacting the outcome of the bidding war.

Read more at Yahoo Finance: Paramount’s new offer for Warner Bros is not sufficient, major investor says