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Brace yourself for this stunning turn of events, but AT&T CEO Randall Stephenson doesn't think much of the Justice Department's decision to appeal a ruling allowing AT&T to merge with Time Warner. In an interview with CNBC Friday morning, Stephenson said the chances of the decision being overturned are "really remote," and that his plans for the combined business will move ahead regardless.
"This changes nothing we'll be doing over the next 30 days or the next 12 months. We're about executing our plan. We think the likelihood of this thing being reversed and overturned is really remote. It's a very narrow path that would have to be traveled to get this thing reversed in any way," Stephenson told CNBC in the interview. "The merger is closed. We own Time Warner."
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Shockingly, AT&T’s CEO thinks the government’s merger appeal will fail originally appeared on BGR.com on Sat, 14 Jul 2018 at 14:03:20 EDT. Please see our terms for use of feeds.
Via BRG - Boy Genius Report
Brace yourself for this stunning turn of events, but AT&T CEO Randall Stephenson doesn't think much of the Justice Department's decision to appeal a ruling allowing AT&T to merge with Time Warner. In an interview with CNBC Friday morning, Stephenson said the chances of the decision being overturned are "really remote," and that his plans for the combined business will move ahead regardless.
"This changes nothing we'll be doing over the next 30 days or the next 12 months. We're about executing our plan. We think the likelihood of this thing being reversed and overturned is really remote. It's a very narrow path that would have to be traveled to get this thing reversed in any way," Stephenson told CNBC in the interview. "The merger is closed. We own Time Warner."
Continue reading...
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Shockingly, AT&T’s CEO thinks the government’s merger appeal will fail originally appeared on BGR.com on Sat, 14 Jul 2018 at 14:03:20 EDT. Please see our terms for use of feeds.
Via BRG - Boy Genius Report