Reported 1 day ago
In a recent segment, Jim Cramer addressed the significant rise in Warner Bros. Discovery, Inc. (WBD) shares after a report of a potential acquisition by Paramount Skydance, noting a suspicious purchase of 100,000 call options. He discussed the company's substantial debt and the possibility of larger tech firms like Amazon or Apple benefiting from acquiring WBD. Cramer emphasized the need for analysis of this situation, suggesting that legal consequences could arise from the trading activities surrounding WBD.
Source: YAHOO