“Like skid row junkies in the final wretched tremens of downward spiral, telecom/cable/satellite investors now appear to need a deal fix almost daily to stave off the messy crisis of incontinence that comes with the inevitable withdrawal. Never mind the fundamentals… just spin the bottle. Today’s deal is AT&T and DirecTV.”
— MoffettNathanson analyst Craig Moffett, who is underwhelmed with AT&T’s plan to buy DirecTV for $50 billion, in a note published this morning.
This article originally appeared on Recode.net.
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