Paramount Skydance and its deep-pocketed owners David and Larry Ellison may not have to get that “hostile” to thwart Warner Bros. Discovery’s merger with Netflix, On The Money has learned.

In the days since Netflix won the auction with its $72 billion bid for the Warner Bros. studio and HBO Max streaming service, WBD’s wily CEO David Zaslav has signaled to close associates he can envision the Ellisons upending the monster deal with a higher bid, sources said.

Specifically, Zaslav sees an agreement in which the Ellisons raise their bid enough to cover the $2.8 billion breakup fee that WBD would face if it walks away from the Netflix deal, according to people with direct knowledge of the matter.

“(Zaslav’s) thinking is that the Ellisons could come back with $35 all cash that covers the

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