Board Elliott News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Mexican wireless business and questioned at&t's $85 billion purchase of time warner. in the letter to the board elliott called time warner a, quote, spectacular question, but then questioned at&t's strategy. here's the language. at&t has yet to articulate the clear strategic rationale for why at&t needs to own time warner while it's too soon to see if it can create value we remain cautious on the benefits of the combination. shares of at&t are up before the opening bell and up at the open here. big on the news because, you know, they're saying if you make these changes the stock could almost d...

All right. a major investment firm is taking a big stake in at&t. it is the parent company of cnn and warner media and demanding changes. >> christine romans joins us now. explain to our viewers what's going on here and what kind of changes they're talking about. >> this is an activist investor, buys up shares of a company and goes in and says i want seats on your board and make these schingsz we can all make more money. a hedge fund elliott management. it's demanding changes, and spin-offs. the fund says if at&t can focus on its core assets like u.s. wireless business the stock could almost d...