Disney-21st Century Fox deal gets rid of the ESPN problem

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The On-Air hosts of ESPN deliver their Monday Night Countdown broadcast before the game between the Cincinnati Bengals and the New York Giants in the game at MetLife Stadium on November 14, 2016 in East Rutherford, New Jersey.

Shares of Disney were more than 2 percent higher Thursday on news of the deal, while Fox was up over 4 percent. The deal will include Fox movie studios, Nat Geo, stakes in Sky and Hulu, and regional sports networks.

Cramer said the reason Disney’s stock wasn’t even higher is due to antitrust concerns. Antitrust is something “no one can game,” he said.

“There is such an antitrust problem here given the fact that we know there’s an antitrust problem with AT&T-Time Warner,” he said.

“Boy, do I like the deal,” added Cramer, host of CNBC’s “Mad Money.” But “it’s just such a wild card.”

Cramer continued, “To be consistent they have to examine this deal.”