Paramount Skydance (PSKY) Should Bid $34 For Warner Bros, Says Jim Cramer

We recently published 9 Stocks Jim Cramer Talked About.  Paramount Skydance Corporation is one of the stocks Jim Cramer talked about recently.

Media and entertainment giant Paramount Skydance Corporation has been a regular feature of media coverage due to its widely covered acquisition attempt of Warner Bros. Discovery. The price that the firm has offered is a key focus of coverage, and it has grown from the first value of $19 per share to $22.50. While recent media reports indicate that Warner Bros might be interested in Paramount Skydance Corporation if it further bumps the offer up to $30, the firm is considering suing the target’s management board. Cramer also discussed the price and added that $34 might be the sweet number that could win Warner Bros. Discovery over:

“I’ve been thinking a lot about the Warner Brothers. Discovery. And the one thing I don’t understand, you’ve got that bid, it’s money good from Ellison. Just come in at 34. I mean, Larry Ellison is a person who has stormed in, when PeopleSoft, when he did the hostile. He says, look, here’s the way it’s going to be. With Cerner, here’s the way it’s going to be. Where is the, here’s the way it’s going to be, it’s 34 dollars, we’re four dollars better than Netflix, maybe five. And that’s the end. And then the board is going to have to fold. So I think 34 dollars gets it. And I’m surprised that he doesn’t just do it. He’s rich, he’s tough and enough. No more waste our time. 34 bust. . .they do 34, he’s got it.

“It’s a tremendous asset, and they need it more than Netflix does.”

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This article is originally published at Insider Monkey.