Netflix Warner Bros. disaster
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A total of 11 Republican state attorneys general are insisting that the federal government scrutinize Netflix's bid for Warner Bros.
Earlier this week, Polymarket traders had favored Netflix ( NFLX) to close the deal, assigning it a 51% probability versus 37% for Paramount. However, following Paramount’s revised bid, odds flipped. As of Wednesday afternoon, Paramount’s implied probability rose to as much as 50%, while Netflix fell to 38%.
Meanwhile, GOP lawmakers believe Netflix's programming skews to the left and aren't looking to give it more market power.