Jim Cramer Highlights Potential Warner Bros. Acquisition

Warner Bros. Discovery, Inc. (NASDAQ:WBD) is one of the stocks Jim Cramer commented on. Cramer mentioned the stock during the episode and said:

“Finally, during less ebullient periods, whenever you get some good news in the morning, you can be assured something bad will come later in the day that you can hang your bear’s hat on as the market sinks. No, not in this tape. Are you kidding me? In the midst of a typical update comes a story about, I mean, Jeff Marks sitting next to me, but he says, Hey Jim, there’s a potential, there’s a takeover bid for Warner Brothers Discoveries… Come on, they got so much debt. Uh-huh.

Not that long ago, the skeptics were shorting the heck out of this one because of that hideous balance sheet. They got the whole zeitgeist wrong. You see, in a bull market, that balance sheet’s what has kept the equity valuation down well below where it should trade. To the owners of the potential acquirer of this company, Paramount Skydance, including the Ellison family, yeah, the one that owns most of, of the larger share of Oracle, this potential acquisition is just a rounding error. Larry Ellison’s worth over $300 billion. If someone wants to buy Warner Brothers for 40 billion, he owns, he has 300… Hey, what the heck. That could be good.”

Photo by Joshua Mayo on Unsplash

Warner Bros. Discovery, Inc. (NASDAQ:WBD) is a media and entertainment company producing films, TV programs, and streaming content while operating networks and interactive gaming.

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