Megan McArdle: Why AT&T shareholders ought to be worried

The evidence suggests that most mergers destroy value for their shareholders, and mega-mergers are especially dubious.

(AP Photo/Richard Drew) The logos for Time Warner and AT&T appear above alternate trading posts on the floor of the New York Stock Exchange, Wednesday, June 13, 2018. A federal judge has approved the $85 billion mega-merger of AT&T and Time Warner, potentially ushering in a wave of media consolidation while shaping how much consumers pay for streaming TV and movies.

Megan McArdle: Why AT&T shareholders ought to be worried

The evidence suggests that most mergers destroy value for their shareholders, and mega-mergers are especially dubious.

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