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Howard Gold’s No-Nonsense Investing: It’s lose-lose for AT&T shareholders in the Time Warner deal

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I’ve watched and read the coverage of AT&T’s proposed $85 billion, $107.50-a-share takeover of Time Warner with a mixture of amusement and been there, done that.

Again, CEOs in expensive suits faced reporters and Wall Street analysts with ardent sales pitches on how this deal was going to change the world and be great for everybody. This time, “mobile video” is the mantra du jour. I hardly need to repeat what Yogi once said.

What’s more likely, though, is that this deal, like most other big mergers, won’t pay off for AT&T T, -0.43% shareholders.

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