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ATT for instance is arguing it will reap $20B+ in synergies from its Time Warner purchase because reasons. Independent cable channels are like ‘hey they will discriminate against us.’ Guess who can pay $10M for an economic model?
(Pssst most mergers don’t work out so efficiencies are a ridiculous notion)
Any data on this?
@CompetitionProf did you know? 
Yep, too true. I spent several years in SF/Bay Area in early days of merger/buy out madness. Only VC, big takeover $$ ever "won."
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