In promoting its proposed $100-billion acquisition of Time Warner, AT&T argues that the merger of the two companies will produce all kinds of synergies between the content business and the telecom/distribution business.
But at least one prominent fund manager begs to differ.
Mitch Zacks is the president of Zacks Investment Management, which manages $5 billion on behalf of high net-worth individuals. The company owns approximately $60 million worth of AT&T stock T -0.03% .
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