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AT&T CEO Admits Deal to Buy Time Warner Was a Bad Decision Costing Shareholders Billions…

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AT&T CEO John Stankey said he is ‘sad and disappointed’ it didn’t work out…On Monday, AT&T announced that it was spinning off all of the WarnerMedia assets it acquired in the deal…Now, AT&T is worth $39billion less than it was in 2016 – when it announced the Time Warner bid – and $65billion less than it did in 2019 – after the deal was done…

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