Source: Refinitiv, as at 09.12.2025Capital and contacts<\/h3>\n At that moment, he could not have known that Paramount Skydance would launch a counterattack exactly three days after Netflix\u2019s move. On December 8, the media group submitted a hostile USD 108 billion takeover bid for Warner Bros. Discovery as a whole. Paramount Skydance is offering USD 30 per share in cash. Netflix wanted to pay \u201conly\u201d USD 27.75, including USD 4.50 in its own stock. In addition to the film studios of the same name, the streaming service Paramount+ and the TV network CBS are part of Paramount Skydance. The group is led by David Ellison. The 42-year-old comes from a prominent and wealthy family. His father, Larry Ellison, co-founded Oracle and is the second-richest man in the world. What may also help Netflix\u2019s rival is a direct line to the White House. Jared Kushner, the son-in-law of U.S. President Donald Trump, is involved in the Paramount offer. His investment firm, Affinity Partners, is expected to participate as an external partner in financing the takeover. Trump told reporters that he had not discussed the deal with Kushner. At the same time, he emphasized that neither Netflix nor Paramount are his friends. Previously, the president had already announced that he would intervene in the decision on whether a Netflix takeover of Warner would be approved.<\/p>\n\n
Possible cultural break<\/h3>\n Antitrust concerns are likely one reason why Netflix\u2019s share price has reacted negatively to recent news. On Friday, December 5, the large-cap stock fell below the USD 100 mark for the first time since April. After Paramount\u2019s counterbid, selling pressure continued to increase - Netflix lost 3.4% on Monday. Investors may fear that Ted Sarandos will not back down after the escalation of the months-long bidding war over Warner Bros. Discovery. The company\u2019s more than 300 million subscribers have been ringing the cash register for years (see chart). Nevertheless, Netflix is already planning to take on USD 50 billion in debt to finance its current offer. In any case, should the streaming giant ultimately prevail, the Warner acquisition would represent a kind of cultural shift. Until now, the company has primarily relied on original productions. A classic example is House of Cards. The political series, first released in 2013, is considered the cornerstone of Netflix\u2019s rise. \u201cOver the years, we\u2019ve made a name for ourselves as a builder rather than a buyer,\u201d the Co-CEO admitted during a conference call about the Warner offer.<\/p>\n\n
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\n \n \n<\/generic-chart> \n<\/div>\nSource: Refinitiv, as of December 2025, e = expectedWith partial protection or leverage<\/h3>\n It is currently completely unclear which strategic direction the company will take. All the more interesting, then, is the new soft-callable Barrier Reverse Convertible on Netflix. Investors can count on regular coupon payments with this issuance. The CHF-denominated BRC offers an annual payout of 8%. The USD variant yields 11.6% p.a. For these return opportunities, there is partial protection in the form of a barrier set at 59% of the initial level of the underlying asset. What is certain is that the news flow surrounding the takeover of Warner Bros. Discovery will not dry up anytime soon. As such, Netflix could remain of interest to traders. It is therefore convenient that the Nasdaq-listed stock holds a firm place in Leonteq\u2019s leveraged product range. In total, the issuer trades nearly 70 mini-futures, warrants, and knock-out warrants on Netflix shares. They allow investors to take positions in both directions - long and short.<\/p>\n\n\n