Elliott Management Going After AT&T

AT&T Targeted by Elliott Management

Elliott Management, a top activist shareholder firm, disclosed Monday that it has taken a $3.2 billion stake in AT&T. In a letter to AT&T’s board, Elliott Management partner Jesse Cohn and associate portfolio manager Marc Steinberg wrote that AT&T's stock could potentially surge to above $60 a share by 2021...

By | September, 10, 2019|Categories: Articles, Featured|Tags: , , , , , , |0 Comments

No Hulu for AT&T

AT&T Sells Hulu Stake

AT&T Inc. sold its minority stake in Hulu back to the company in a deal that values the streaming video site at around $15 billion, a sharp jump from more than two years ago. Hulu, which is now owned by two major media companies, has been trying to build a service that can rival Netflix...

By | April, 17, 2019|Categories: Articles, Featured|Tags: , , , , , , , |0 Comments

Cord Cutting by AT&T

New Path for AT&T

Growth in AT&T Inc.’s new media division helped paper over deep losses in the company’s satellite-TV business stemming from a cord-cutting trend that executives have said first drove their appetite for entertainment assets. The DirecTV satellite unit has lost more than 1 million customers after five straight quarters of declines...

By | July, 25, 2018|Categories: Articles, Featured|Tags: , , , , , |0 Comments

ATT Versus FTC

AT&T’s Battle Versus the FTC

AT&T's years-long quest to avoid punishment for throttling unlimited data plans suffered a blow today when a court said that AT&T cannot escape the jurisdiction of the Federal Trade Commission. The FTC sued AT&T in October 2014 in US District Court in Northern California, alleging that AT&T promised unlimited data to wireless customers and then throttled its speeds by as much as 90 percent...

By | February, 27, 2018|Categories: Articles, Featured|Tags: , , , , , , , , , |0 Comments