Buy Time Warner because there will be a bidding war for hot assets like HBO if AT&T deal is blocked: UBS
https://www.cnbc.com/2018/03/12/buy-time-warner-even-if-att-deal-is-blocked-ubs.html
Time Warner shareholders will win even if the merger with AT&T doesn't happen, according to one Wall Street firm.
UBS raised its rating to buy from neutral for Time Warner shares, citing the importance of the company's quality assets such as HBO in a streaming world.