Warner Bros. Discovery, Inc. (NASDAQ:WBD) saw a 50% spike in shares after reports of a potential acquisition by Paramount Skydance. Jim Cramer discussed the firm’s debt, benefits to Paramount, and Larry Ellison’s involvement. Someone also bought 100,000 call options to profit from the situation.

Cramer mentioned WarnerMedia Holdings’ debt, suggesting companies like Amazon or Apple could pay more to become top entertainment companies. He praised Ellison but implied he may not belong in their league. The acquisition buzz continues to fuel speculation and interest in Warner Bros. Discovery, Inc.

Read more at Yahoo Finance: Jim Cramer Says Someone Might Go to Jail For Buying Warner Bros. Discovery, Inc. (WBD) Call Options