Jim Cramer Wonders Whether There's More To Warner Bros. Discovery (WBD) Reported Deal Than Meets The Eye

We recently published 12 Hot, Cold & Stable Stocks Jim Cramer Recently Discussed. Warner Bros. Discovery, Inc. (NASDAQ:WBD) is one of the stocks Jim Cramer recently discussed.

Warner Bros. Discovery, Inc. (NASDAQ:WBD) has been in the news lately due to media reports suggesting that the firm will be acquired by Paramount Skydance. The shares have gained 53% since the reports first surfaced. Cramer has previously discussed the bid and called Warner Bros. Discovery, Inc. (NASDAQ:WBD) suddenly becoming “red hot” due to the reports. According to the CNBC TV host, even ahead of the reports, the firm’s CEO, David Zaslav, has been promoting his company by pointing towards prudent financial management and strong box office performance.  This time, he discussed Warner Bros. Discovery, Inc. (NASDAQ:WBD)’s deal with co-host David Faber and wondered whether Netflix was a factor as well:

“But David, this is possible, I’m gonna throw a bomb at you. We all keep saying, well, Disney can’t be Netflix. Comcast can’t be Netflix. Well because they have too much baggage with carriage, could this be any chance that they’ve been modelling this off of Netflix?”

Here is what Cramer said about the Warner Bros. Discovery, Inc. (NASDAQ:WBD) deal on September 12th:

“Monday, we find out if Paramount Skydance is serious about acquiring Warner Brothers Discovery, the suddenly red-hot media company with a steamy stock. CEO David Zaslav has been crowing to anyone who will listen that, as he cleans up the balance sheet while dominating the box office, making some of the best shows for Apple TV, and so many others that his stock deserves to soar.

Turns out he was right, although it didn’t happen until the takeover talk from Paramount Skydance run by David Ellison, yes, son of Larry Ellison, who founded Oracle. And depending on the action in the market, he’s either the world’s richest or second-richest man. Who knows? Zaslav wants an auction. Apple, Amazon, Netflix, I don’t know who else will bid, but we’ll be all over it on Monday. If you own it, hold out for at least 20 bucks, please. Although I think it’s worth a lot more.”

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Disclosure: None. This article is originally published at Insider Monkey.