Paramount Skydance (PSKY)'s Warner Bros. Lawsuit is a Waste of Time, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Talked About.  Paramount Skydance Corporation (NASDAQ:PSKY) is one of the stocks on Jim Cramer talked about.

Paramount Skydance Corporation (NASDAQ:PSKY) news in January after it decided to sue Warner Bros. Discovery as part of its acquisition attempt that kicked off in 2025. Following Paramount’s bid, Warner has also seen interest from Comcast, and more importantly, Netflix. With the deal having the potential to reshape the media landscape, the firm demanded in its lawsuit that its target disclose its discussions with the streaming giant. The lawsuit came after Paramount Skydance Corporation (NASDAQ:PSKY) gradually increased its bid offer from $19 to $22.50. In his previous comments, Cramer commented that Warner might be interested if the offer price increased to $34. Naturally, the CNBC TV host wasn’t impressed after he learned about the lawsuit:

“Yeah David, it’s curious, when I listened to your [inaudible] interviews with the chairman, we know where the CEO is, David Zaslav. This is not the way to get the job done. It’s kind of a big waste of time, and a lot of attorney’s fees for Paramount. David, isn’t it ironic that there is a price that you could pay, and Netflix has to lose, and yet they won’t pay it?”

Contrarius Global Equity Fund discussed Paramount Skydance Corporation (NASDAQ:PSKY) in its third quarter 2025 investor letter:

“Importantly, while there has been some rotation within the Fund, certain of the Fund’s holdings that have rerated are still regarded as extremely attractive. Our top three positions at 30 September—Tesla, Warner Bros. Discovery and Paramount Skydance Corporation (NASDAQ:PSKY) (Paramount)—have been amongst our largest holdings for some time. All three have been large contributors to performance over the past year. while Warner Bros. Discovery and Paramount have also performed well of late, they continue to trade well below our estimate of their intrinsic value. Their more recent outperformance should be seen in the context of their underperformance over prior years. While meaningful outperformers over the last year, both Warner Bros. Discovery and Paramount have been negative contributors over five years. We believe that there is substantially more value in both. Our Q2 2023 Quarterly Commentary discussed the investment case for both of these companies. In addition, while not necessary for our investment case, we believe that there are meaningful catalysts in the short to medium term from expected consolidation in the US media sector.”

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