Financial news

SE: Elliott Takes $3.2 Billion Stake in AT&T, Seeks Asset Sales

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Bloomberg Technology via Youtube

Sep.09 — Billionaire Paul Singer’s Elliott Management Corp. disclosed a new $3.2 billion position in AT&T Inc., taking on one of the nation’s biggest and most widely held companies with a plan to boost its share price by more than 50%  through asset sales and cost cutting. Bloomberg’s Nabila Ahmed has more on “Bloomberg Markets: The Close.”

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