Speaking on the company’s third-quarter earnings call, the executive said, “We are moving through the steps with the various regulatory agencies in the U.S. and outside the U.S. Those processes are moving along at the pace we would have expected and we don’t see any surprises.
While the general outline of the deal is clear, some nitty-gritty financial details – spin-versus split, how it will be taxed, dividend payouts – aren’t yet nailed down, and Wall Streeters on the call were antsy for specifics. Stankey said that’s unlikely until the final phase, or “until we are little further along in that process and have some degree of visibility we know there is going to be a positive” outcome.
Stankey said it’s not yet clear what the outcome of the regulatory process will be, adding that visibility probably won’t improve until early 2022. Both companies have repeatedly affirmed their expectation that the transaction will close by the middle of next year.
Wow..maybe I need to cancel hbomax can't believe they r dealing at&t Michele97777714
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