The constant M&A rumor mill within the media space is driving some investors crazy. If it is of any comfort, hedge managers are also "driving themselves crazy," at least according to the New York Post.
The New York Post reported over the weekend that hedgies "have no clue what to make" of the many media M&A related rumors.
The publication continued that "this week's consensus" is that AT&T Inc. T is "preparing to make a major media buy," while "several of our well-placed tipsters" are saying the former Ma Bell is "circling" Time Warner Inc TWX.
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Meanwhile, "talk is rife" over the idea that Turner Broadcasting "will be carved out."
The New York Post added that they are seeing signs that Yahoo! Inc. YHOO's executive "have not been responding to proposals" from at least one private equity firm while Verizon Communications Inc. VZ offered a "very generous" $8 billion to acquire Yahoo's core assets.
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