The M&A market in the U.S. is strong and likely to stay that way, no matter the AT&T (T) /Time Warner (TWX) decision coming down favorably on Tuesday.
"My personal view of the AT&T/Time Warner transaction is that's looking at an old technology and not the new technology. The difference between where we were and where we are now is extraordinary in how content is consumed," Victor Nesi, Stifel Financial (SF) Co-President & Head of Stifel's Institutional Group, exclusively told TheStreet (TST) . Nesi, a veteran deal-making with more than 30 years on Wall Street (including a stint covering tech, telecom and media), spoke to TheStreet as Stifel's 2018 Cross Sector Insight Conference.
Added Nesi, "The idea that the government would think it would need to prevent this combination from occurring is really a little bit backwards looking. Even if the decision would come down saying they would prevent the merger, my view is that's it's a blip on the entire M&A market -- there are thousands of M&A transactions done every year."
Watch more from Stifel's 2018 Cross Sector Insight Conference here.
