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

The video discusses AT&T's historical underperformance and recent actions aligned with Elliott Management's suggestions, such as selling non-core assets and reducing debt. It highlights challenges in asset valuation, particularly with Latin America assets, and the impact of a large retail shareholder base on strategic changes. The video also touches on the potential for mergers and the attractiveness of AT&T's dividend yield.

How has the stock market responded to AT&T's recent news and actions?

What are the potential benefits of divesting some of AT&T's assets?