Paramount Skydance is considering raising its takeover offer for Warner Bros. Discovery by as much as 10% as it plots its next move to break up a merger agreement with Netflix , The Post has learned.

David and Larry Ellison, who created Paramount Skydance with a media merger over the summer, are now poised to bump their all-cash, $30-a-share offer for the owner of Warner Bros., HBO and CNN to as much as $33 a share, according to sources close to the situation.

The raised offer – which amounts to nearly $86 billion – would easily cover the $2.8 billion breakup fee, worth about $1 a share, that WBD would face if it nixes the Netflix merger, insiders noted. David and Larry Ellison (center and left), who created Paramount Skydance are considering raising their takeover offer to thwart Ne

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