It's a forgone conclusion that some deal is in the works. I don't think people want to risk holding their short position into the weekend and wake up on Merger Monday with a huge loss. There should be a squeeze friday afternoon, if not, somebody is trading on info that they should not be privy to.
If this deal doesn't go through, there better be an SEC investigation on the "unnamed source" of the rumor.
"better be an SEC investigation on the "unnamed source" of the rumor." Which you know won't happen because the WSJ already commented source will not be identified.
Forgone when the only source has been WSJ citing "insider sources"? Neither party has even confirmed discussion and Goldman Sachs wouldn't confirm it has been hired. T's only response was they wouldn't comment on rumors.
This rumor might be cover for some big boys to be unloading whether or not they are involved in a rumor or not.
If it's determined that there was never "advanced talks", which can be confirm with subpenas to AT&T and DirectTV after the fact, then we can conclude that it was blatant market manipulation. Last I checked, that is against the law. WSJ can choose to not disclose their source, but I say that they should be held accountable. They can't be complicit and be an accessory to a crime without consequences.