FILE PHOTO: U.S. President Donald Trump stands in the Oval Office during a presentation of the Presidential Medal of Freedom to NBA Hall of Famer Jerry West at the White House in Washington, U.S., September 5, 2019. REUTERS/Joshua Roberts
WASHINGTON (Reuters) – U.S. President Donald Trump on Monday weighed in on activist investor Elliott Management Corp’s moves targeting AT&T Inc (T.N), calling the hedge fund’s actions “great news” and repeating his criticism of the wireless carrier’s CNN news division.
Shareholder Elliot Management earlier on Monday had called on AT&T to sell some assets and questioned its deal with Time Warner.
“@CNN is bad for the USA,” Trump said in a series of tweets. “It is a fraudulent shame, & all comes from the top!”
Reporting by Susan Heavey; Editing by Kevin Liffey
