Expect a sequel in this Hollywood power play: Carl Icahn is likely to raise the ante in his hostile bid to acquire Lions Gate Entertainment ( LGF ) -- which management quickly rejected. With animosity now in the open between the activist investor and Lions Gate CEO and Co-Chairman Jon Feltheimer, Icahn appears only more furiously determined to win. He's offering to buy the 13 million Lions Gate shares he doesn't yet own at $6 each. He already holds more than 19% of the stock, which has inched up to around $6.20 a share on Mar. 25, from $5.95 a week ago, partly because of Icahn's offer. In all likelihood, he'll increase his price, though probably not by much if the raider stays true to his style of wanting to grab his quarry for peanuts.