Paramount's new offer for Warner Bros is not sufficient, major investor says

FILE PHOTO: Paramount and Warner Bros logos are seen in this illustration taken December 8, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

Dec 23 (Reuters) - Paramount ‌Skydance's latestoffer to buy Warner Bros Discovery is still not good enough for prominent shareholder Harris Oakmark, the investor told ‌Reuters on Monday.

Warner Bros' fifth largest shareholder, owning 96 million shares or about4% of shares as of the end ‌of September, said it would hold out for more from the Ellison family-controlled Paramount.