https://finance.yahoo.com/news/elliot-management-discloses-major-stake-205808216.html
170 to 175 billion from the loan they took. It’s assumed the sale of DTv & Warner media was the reason why the debt went from $175 to $135 billion.
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It was 2019 articles
When will Elliott management meet an overdue demise? They are single handedly responsible for putting humans out-of work by force takeovers and forcing seriously painful cost cutting measures to extract cash from high profile and mostly well operating businesses. AT&T, Cabelas/Bass Pro, and several others have been negatively impacted by this nasty scheme...
And now under $16
And then Elliott said, "I told you so..."
“Elliott Management is taking a victory lap even though they had nothing to do with getting this deal done” one AT&T insider griped to The Post about AT&T’s plans to combine its WarnerMedia entertainment unit with media giant Discovery.
https://nypost.com/2021/05/17/att-execs-roll-their-eyes-as-elliott-management-takes-victory-lap-on-43b-merger/
Keep going...
"Elliott filed an SEC form 13F, signaling its exit of AT&T. The activist hedge fund sold 5 million AT&T shares in Q3, valued at $151.15 million as of the previous quarter's end.
When Elliott sent its letter to AT&T’s board of directors in early September 2019, AT&T’s stock was trading at about $36.25. Today(Nov 17, 2020), AT&T’s stock is trading at $28.90."
https://www.fiercewireless.com/operators/after-shaking-up-at-t-elliott-management-divests-its-stake