Paramount Skydance (PSKY)’s Warner Bros. Lawsuit is a Waste of Time, Says Jim Cramer

Paramount Skydance Corporation (NASDAQ:PSKY) quality successful January aft it decided to writer Warner Bros. Discovery arsenic portion of its acquisition effort that kicked disconnected successful 2025. Following Paramount’s bid, Warner has besides seen involvement from Comcast, and much importantly, Netflix. With the woody having the imaginable to reshape the media landscape, the steadfast demanded successful its suit that its people disclose its discussions with the streaming giant. The suit came aft Paramount Skydance Corporation (NASDAQ:PSKY) gradually accrued its bid connection from $19 to $22.50. In his erstwhile comments, Cramer commented that Warner mightiness beryllium funny if the connection terms accrued to $34. Naturally, the CNBC TV big wasn’t impressed aft helium learned astir the lawsuit:

“Yeah David, it’s curious, erstwhile I listened to your [inaudible] interviews with the chairman, we cognize wherever the CEO is, David Zaslav. This is not the mode to get the occupation done. It’s benignant of a large discarded of time, and a batch of attorney’s fees for Paramount. David, isn’t it ironic that determination is simply a terms that you could pay, and Netflix has to lose, and yet they won’t wage it?”

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Contrarius Global Equity Fund discussed Paramount Skydance Corporation (NASDAQ:PSKY) successful its third 4th 2025 capitalist letter:

“Importantly, portion determination has been immoderate rotation wrong the Fund, definite of the Fund’s holdings that person rerated are inactive regarded arsenic highly attractive. Our apical 3 positions astatine 30 September—Tesla, Warner Bros. Discovery and Paramount Skydance Corporation (NASDAQ:PSKY) (Paramount)—have been amongst our largest holdings for immoderate time. All 3 person been ample contributors to show implicit the past year. portion Warner Bros. Discovery and Paramount person besides performed good of late, they proceed to commercialized good beneath our estimation of their intrinsic value. Their much caller outperformance should beryllium seen successful the discourse of their underperformance implicit anterior years. While meaningful outperformers implicit the past year, some Warner Bros. Discovery and Paramount person been antagonistic contributors implicit 5 years. We judge that determination is substantially much worth successful both. Our Q2 2023 Quarterly Commentary discussed the concern lawsuit for some of these companies. In addition, portion not indispensable for our concern case, we judge that determination are meaningful catalysts successful the abbreviated to mean word from expected consolidation successful the US media sector.”