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Stock impact report

Paramount Skydance (PSKY)'s Warner Bros. Lawsuit is a Waste of Time, Says Jim Cramer [Yahoo! Finance]

Paramount Skydance Corporation - Class B (PSKY) 
Company Research Source: Yahoo! Finance
Paramount Skydance Corporation (NASDAQ:PSKY) news in January after it decided to sue Warner Bros. Discovery as part of its acquisition attempt that kicked off in 2025. Following Paramount's bid, Warner has also seen interest from Comcast, and more importantly, Netflix. With the deal having the potential to reshape the media landscape, the firm demanded in its lawsuit that its target disclose its discussions with the streaming giant. The lawsuit came after Paramount Skydance Corporation (NASDAQ:PSKY) gradually increased its bid offer from $19 to $22.50. In his previous comments, Cramer commented that Warner might be interested if the offer price increased to $34. Naturally, the CNBC TV host wasn't impressed after he learned about the lawsuit: “Yeah David, it's curious, when I listened to your [inaudible] interviews with the chairman, we know where the CEO is, David Zaslav. This is not the way to get the job done. It's kind of a big waste of time, and a lot of attorney's fees for Par Show less Read more
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