Paramount odds are rising to close the Warner Bros deal.



Wall Street and prediction markets expect Netflix to pull back after Paramount raised its offer.

Paramount Skydance increased its bid to $31 per share, including a $2.8B breakup fee for Netflix.

$NFLX shares jumped nearly 6% to $82.70.
Paramount Skydance fell 2%.
Warner Bros slipped 0.9%.
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