Major WBD Shareholder Calls Amended Paramount Bid ‘Not Sufficient’

Paramount has submitted its latest offer in its quest to own Warner Bros. Discovery, but one of WBD’s major investors isn’t having it.

A representative for Harris Associates, Warner Bros.’ fifth-largest shareholder, warned against the latest bid from David Ellison’s Paramount, saying that it still did not represent the best possible deal on the pending WBD transaction. Harris, as of the end of September, owns about 4% of WBD shares with 96 million shares in total.

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