Jim Cramer Discusses Warner Bros. Discovery, Inc. (WBD) In Detail

We recently published 14 Stocks Jim Cramer Discussed As He Shared Insights For Nuclear And Quantum Stocks. Warner Bros. Discovery, Inc. (NASDAQ:WBD) is one of the stocks Jim Cramer recently discussed.

Warner Bros. Discovery, Inc. (NASDAQ:WBD) was back in the news lately after reports suggested that the firm had rejected Paramount Skydance’s reported takeover bid. The reports came courtesy of Reuters and CNBC’s David Faber, with Warner Bros. Discovery, Inc. (NASDAQ:WBD) only confirming that it had received multiple “unsolicited” offers. Cramer commented on the per-share price purportedly being offered to the firm and his beliefs about CEO David Zaslov:

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“[On deal rejection] Look my understanding is David Zaslov doesn’t want anything less than 27. That there are other buyers out there who seemingly could be flushed out. We know that there are other companies that overpaid for different cable assets before.

“But I do think that Zaslov is, look he’s firm, he’s firm on this.

“But I think Zaslov is right to hold now, I really do. . .look you just said, maybe Netflix is a buyer, maybe Comcast is a buyer, well why not just say, listen, here’s my price, what’s the worst thing, they ask you [inaudible] and sell us for 24?

“The idea of getting to 27 without Paramount in there, that’s a stretch. Very big stretch, bridge too far so to speak.

“[When asked if this was something he would be playing in right now] Absolutely not. Look because I want growth, and this is about market share and conceivably putting together some sort of like Citizen Kane like product. I’m not there. . .”

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