AT&T’s blockbuster $84.5 billion takeover of Time Warner means many things including rich fees for the bankers and lawyers who helped craft the deal & Wall Street deal,junkies, really bad news for workers company
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After the DTV failure, I said this CEO must be on something, but don't take my word for it,
First, there are the analysts.
“Vertically challenged,” was the headline from a research note by Craig Moffett, a play on the term “vertical integration,” where a company combines with its customer, rather than competitor.
Morgan Stanley analysts called the deal a “bold step,” wondering whether the companies were “swinging for the fences.” Nomura said the deal was “puzzling.”
Then, there are the investors.
At midday on Monday, shares of Time Warner, the recipient of by all accounts a rich offer from AT&T, were down more than 2 percent, nearly 20 percent off the deal’s price tag. AT&T’s shareholders did not seem too thrilled either — its shares were off nearly 2 percent.
The question for the market is whether it makes sense for a cable and wireless provider to spend all of that money to acquire the home of HBO, CNN and Warner Bros.
AT&T "Unemploying your world"
Great, more and more layoffs...
Welcome to the world of the soon to be unemployed. The labor these companies were built on is always the first ones to suffer.