Hedge Funds Poised to Be Winners in AT&T-Time Warner Deal

AT&T Inc.’s victory in its legal battle to buy Time Warner Inc. handed a win to some of Wall Street’s biggest hedge funds, who had bet the deal would go through.

The deal has attracted interest from big firms. Hedge funds such as Highfields Capital, Baupost Group, Sachem Head Capital Management, Paulson & Co., Fir Tree, Oz Management and Pentwater Capital Management all reported holding Time Warner shares in recent regulatory filings.


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