How did Netflix outbid billionaires to buy Warner Bros, despite just 5% chance of success?

Polymarket bettors had given Netflix a 5% chance of success in its bid to buy Warner Bros Discovery, for which it outbid billionaire Larry Ellison's son David and several Hollywood veteran companies. Netflix agreed to a $5.8-billion breakup fee and prepared a ready-to-sign offer amid a tight acquisition deadline by Warner Bros. Netflix's offer was signed immediately after board's approval.