"Paramount (PSKY) Has a War Chest," Says Jim Cramer

We recently published 14 Stocks Jim Cramer Talked About.  Paramount Skydance Corporation (NASDAQ:PSKY) is one of the stocks Jim Cramer talked about.

Paramount Skydance Corporation (NASDAQ:PSKY) is another stock that Jim Cramer frequently discusses due to the firm’s takeover bid for Warner Bros. Discovery. The attempt has generated a lot of news, and as Warner Bros. is yet to accept the offer, the CNBC TV host has repeatedly asserted that Paramount Skydance Corporation (NASDAQ:PSKY) needs to increase its offer price. More recently, the firm decided to sue its target firm and demand more clarity about the offer that Warner has received from Netflix. The latest bit in the acquisition effort saw Paramount Skydance Corporation (NASDAQ:PSKY) on Thursday file preliminary proxy materials with the SEC to urge Warner shareholders to reject Netflix’s deal. In this appearance, Cramer wondered what role Paramount Skydance Corporation (NASDAQ:PSKY)’s considerable resources would play in the affair:

“Alright, David Zaslov, CEO of Warner Brothers Discovery has often talked about scarcity value. Which leads me to believe David that Paramount has a war chest, they want scale. So I’m going to come to you eventually, and say, okay, well do they do? Do they just say, hey that was just too bad, now we’re going to focus on, you know. . .”

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