Starting in May, users who wish to rent or buy TV shows and movies will have to migrate from Google Play to the revamped Google TV app. Read More...
TheStreet.com
AT&T Is Too Cheap to Ignore While Others ‘Wait and See’
Indeed, investors are frustrated with T, but after AT&T’s investor day last Monday, the opportunity appears too compelling at the current price prior to the Discovery deal closing. AT&T is set to split off Warner Bros to Discovery shareholders, which is likely to occur in mid-April. The transaction will give T shareholders 0.24 of a share of the new Warner Bros Discovery (with all current Discovery shares getting wrapped in) for each share of T. The value T is getting is extrapolated from the current value of DISCA, 71% of a $62 billion company, so at the current price of around $26 for DISCA, T holders have about $6/share in Warner Bros Discovery value.
Add Comment