Elliott Takes $3.2 Billion Stake in AT&T, Calls for Asset Sales

The video discusses AT&T's strategic shift after acquiring Time Warner, focusing on their move from linear media to streaming to compete with Netflix. It highlights the role of DIRECTV in this strategy and the financial challenges it presents. The discussion also compares AT&T's approach with Verizon's, noting improvements in AT&T's wireless network and the complexities of moving into adjacent businesses.

What was AT&T's initial plan after acquiring Time Warner?

• To focus on wireless services

• To merge with Verizon

• To develop a pay TV app

• To sell off DIRECTV

How does DIRECTV fit into AT&T's current strategy?

• It is being used to fund new acquisitions

• It is being sold to improve profitability

• It provides a ready-made audience for new services

• It is being merged with Time Warner

What is Elliot's perspective on DIRECTV's business?

• It is a stable business

• It is a profitable business

• It is a dying business

• It is a growing business

What is one of the challenges AT&T faces in moving into adjacent business areas?

• Lack of technology

• Regulatory issues

• Difficulty in integration

• High employee turnover

How is AT&T performing in the wireless market compared to Verizon?

• AT&T is not competing with Verizon

• AT&T is leading Verizon

• AT&T is gaining ground on Verizon

• AT&T is lagging behind Verizon