[cyanydeez]

Its a cynical media control strategy to prevent taxes on the rich.

[ViktorRay]

This doesn’t make sense. Surely paying taxes would be cheaper than buying Warner Bros?

[cyanydeez]

That's what a poor person would say. Fox news managed to get Donald Trump elected, whose net worth has gone up by billions.

Also, it's not real money, it's debt equity. Equity transfers are just rich people toys. They move the actual cost into the entity they purchase, and if it fails, whatever, it didn't cost them anything.

[lotsofpulp]

And all the other investors in the market just ignore this debt when deciding the price they are willing to pay for a share?

Shares of businesses with excessive debt relative to income do not do well for their shareholders.

[cyanydeez]

Ruining society is a long term objective. Normal 6month profteers need not apply.

[lotsofpulp]

I don’t know what that means. You wrote something about debt equity not costing shareholders anything, but it’s trivial to see that all else being equal, a business with more debt will have a smaller market capitalization than a business with less debt.

The debt from the Time Warner and other purchases dragged ATT down from the top spot to 3rd, and boosted Tmobile to the top. The shareholders of ATT lost and the shareholders of Tmobile gained.