Warner Bros. (WBD) Discovery’s Paramount Deal Is The “Most Logical,” Says Jim Cramer

We recently published Jim Cramer Discussed These 11 Stocks & The Market’s 3rd Bull Run Anniversary. Warner Bros. Discovery, Inc. (NASDAQ:WBD) is one of the stocks Jim Cramer recently discussed.

Warner Bros. Discovery, Inc. (NASDAQ:WBD), the media and production company, became the talk of the town last month when chatter surfaced about a takeover offer from Paramount Skydance. The latest on this front is a report from Bloomberg that suggests that the firm might have rejected Paramount’s advances. Cramer has discussed Warner Bros. Discovery, Inc. (NASDAQ:WBD)’s deal in detail previously and pointed out that the deal might front-run the firm’s efforts to separate its studio and streaming platform. This time, he discussed the deal in the context of the broader market:

“I think that David this is the most logical deal you could have in a very challenged industry. You see the stocks, many of these stocks, this stock of course was doing a little bit better before this because of the studio. This is what all of us are hoping. . .well I don’t want to be objective about our industry. These are the things that have to happen for our industry to have some sustenance.

“But there is, without a doubt, a raise on debt for doing this deal. You wanna own that one because it’s going to be a winner in a very challenged industry.”

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