Deals

Investors Are Betting on the Next Big M&A Deal After AT&T’s Win

Lions Gate, Discovery climb in early trading after decision
Comcast expected to be the first to move, with a bid for Fox

The AT&T ruling "opens the floodgates" for more deals, says Liberum’s Ian Whittaker.Source: Bloomberg

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By Jessica Brice and Gerry Smith

June 13, 2018 at 12:37 PM UTC

Updated on

June 13, 2018 at 1:42 PM UTC

This article is for subscribers only.

After AT&T Inc. got clearance to buy Time Warner Inc. late Tuesday, investors were quick to bet that a broader wave of mergers is coming.

Takeover speculation sent shares of Lions Gate Entertainment Corp. up the most in almost five months on Wednesday, while Discovery Inc. -- another potential media target -- climbed as much as 4.7 percent. CBS Corp. and Viacom Inc., the subjects of on-again, off-again merger talks, also rose.