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We recently published 10 Stocks Jim Cramer Discussed. Paramount Skydance Corporation (NASDAQ:PSKY) is one of the stocks on Jim Cramer discussed.
Paramount Skydance Corporation (NASDAQ:PSKY) is currently at the center of attention when it comes to the media industry. The firm is currently locked in a red-hot bidding war to acquire Warner Bros. Discovery and shake up the entertainment landscape. Paramount Skydance Corporation (NASDAQ:PSKY) started the process in September, when, under the leadership of Oracle billionaire Larry Ellison, it gradually increased its offer of $19 per share to $22 per share and then to $23.50 per share. After Netflix and Comcast joined the foray, Paramount Skydance Corporation (NASDAQ:PSKY) further bumped the offer up to $25.50 per share. A fresh report from The New York Post suggests that the firm is now considering suing Warner Bros. Discovery’s board over the handling of the bidding process. While Warner wants Paramount Skydance Corporation (NASDAQ:PSKY) to increase its offer to $30 per share, the firm is incensed that Warner has rejected six offers so far. As for Cramer, he discussed the deal in the context of the number of people who might have to lose their jobs and discussed the affair with his co-host, David Faber:
“Job formation of the Paramount bid, versus the Netflix bid, how many people have to be trimmed in the Paramount bid versus nobody in the Netflix bid for Warner Brothers. Discovery.”
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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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