Matt Levine, Columnist

Pipes, Content and Mutual Funds

Also, yay for this weekend's billion-dollar deals that were not for Time Warner. Also blockchains, rain, insider trading, etc.

October 24, 2016 at 1:17 PM UTC

By Matt Levine

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Happy Merger Monday, AT&T/Time Warner Division.

"The future of video is mobile and the future of mobile is video," says this press release about AT&T Inc.'s proposed acquisition of Time Warner Inc., and everyone does seem to think that. I guess it must be true. The inevitable future of television, of movies, of sports, of news, of all entertainment, of all human activities really, is that you will watch them on your phone. Your phone is smaller than your television, never mind an IMAX screen, never mind reality, and the sound isn't great. But you will always have it with you, and you will always be looking at it, and you will always be entertained. Everything will be worse, but ubiquitous. Actually that would be a good slogan for a mobile/video conglomerate.