By Dawn Chmielewski Feb 23 (Reuters) - Paramount Skydance submitted a higher offer for Warner Bros Discovery, a source familiar with the matter told Reuters on Monday, ratcheting up efforts to derail the HBO Max owner's deal with Netflix.

Netflix and Paramount’s shares are both sharply higher in pre-market trading, as Larry Ellison’s company clear to buy Warner Bros, regulators permitting….

A total of 11 Republican state attorneys general are insisting that the federal government scrutinize Netflix's bid for Warner Bros.

Meanwhile, GOP lawmakers believe Netflix's programming skews to the left and aren't looking to give it more market power.