Ed Hammond's Sunday mega scoop about AT&T folding its WarnerMedia unit into a joint venture with Discovery has today been officially confirmed. Below is a link the official press release:..
There is an interesting juxtaposition of two big market tales that involve Goldman Sachs this weekend.
The powerful investment bank and broker is selling a lot of stock in some of the world's biggest technology media companies for, it would appear, Bill Hwang's Archegos Capital as part of some forced develeraging. Hacks at Bloomberg have the latest on that tale. Below is the link:..
Investors were scratching their heads on yesterday afternoon after Goldman Sachs and Morgan Stanley started to offer extremely large tranches of shares in some of the biggest technology and media companies in the world to anybody who was interested at a big discount.
The move sent some big name tech and media shares tumbling in late afternoon trade, with Discovery Communications collapsing 27pc and Viacom tumbling 25.6pc. Below is a link to Reuters story on the move:..