TheStreet's Debra Borchardt asks Jim Cramer for his take on Level 3 buying Time Warner Telecom. Cramer says Level 3 is a company that has come back from the dead but investors have to remember Level 3 had a split so it hasn't always been where it is now. Level 3 and Time Warner Telecom are content delivery systems. Cramer says a lot of these deals are made to get the overflow from Netflix since not everything can go through Akamai. The more fiber pipe needed so that people can send movies and TV productions, the more Cramer likes content delivery systems like Level 3. The deal with Time Warner Telecom makes Cramer like Level 3 even more. Cramer says he would be a buyer of Level 3 shares.