Jim Cramer Discussed Paramount Skydance Corp. (PSKY)’s Warner Brother Deal In Detail

We recently published 10 Stocks Jim Cramer Discussed As He Remained Optimistic About American Ingenuity. Paramount Skydance Corp. (NASDAQ:PSKY) is one of the stocks Jim Cramer recently discussed.

Paramount Skydance Corp. (NASDAQ:PSKY) is the new name of the former firm Paramount Global, which traded under the ticker ‘PARA.’ It created quite a bit of hype yesterday after the shares shot up in response to a Wall Street Journal report that indicated it could acquire Warner Bros. Discovery. While all Cramer wanted to do was to discuss Apple during the show, co-host David Faber successfully managed to bring his attention to the crucial news. Here is what Cramer said:

“Okay so David I’m looking at WarnerMedia Holdings, I’m looking at all these different pieces of debt, they’re all horrendous. If I had Amazon, I would say, well you know what, we could really do a killing, or Apple. We’ve got the best balance sheet in the world, we just pay off that debt, we immediately become the number one entertainment company. We don’t know how to do entertainment, we’re using TimeWarner for a lot of the things anyway. David, can’t these companies pay much, much more and just decide you know what, we want this and we love Ellison, he’s a terrific guy, but he can’t be in our league.

“[On whether you spin off cable networks] No David, but Apple thinks long term. Amazon thinks long-term.

“David does it matter that right now they’re number one in everything. Number one in everything right now. We know that. That’s why you can steal it. You can steal it.

“Well, I’ve got to tell you Carl, how many, a couple of weeks ago we thought all of these were worthless. Then we have EchoStar, we have this, I mean WarnerBrothers. Discovery is one of the greatest shorts of all time. Right. I mean you just short it forever until the cows come home. Bad balance sheet. Who knows what’s going to happen with TV. And then suddenly, maybe it’s worth 25, Carl.

“Look David, I think, answer this for me. Can a family company, can a family company move faster than a Amazon, move faster than a Apple, move faster than Netflix?

“[On whether Ellison is getting sentimental] No he’s not as sentimental a fellow. No I don’t want anyone to even think that for a second. No. I mean he’s nicer than Alex Karp!”

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