Report
Neil Macker

AT&T Wins Court Battle over Time Warner Acquisition; Expect Comcast to Bid on Fox Assets

On June 12, U.S. Judge Richard J. Leon ruled against the attempt by the U.S. Department of Justice, or DOJ, to block AT&T's acquisition of Time Warner for $85 billion. While we thought the government had a decent chance of blocking the merger, we were more surprised that the judge did not impose any conditions in order for the merger to proceed. We also note that the judge urged the DOJ to forego filing a stay against the merger which the government has six days to do. Since Judge Leon forci...
Underlying
Walt Disney Company

Walt Disney is an entertainment company. The company's segments are: Media Networks, which includes domestic cable networks, broadcast television network and domestic television stations, and television production and distribution; Parks, Experiences and Products, which includes theme parks and resorts, and consumer products operations; Studio Entertainment, which includes motion picture production and distribution, music production and distribution, and post-production services; and Direct-to-Consumer and International, which includes international television networks and channels, direct-to-consumer streaming services, and other digital content distribution platforms and services.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Neil Macker

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