AT&T Inc is working with investment bank Lazard Ltd as it negotiates a potential takeover of DirecTV, the country's top satellite TV operator, according to people familiar with the matter.AT&T is in active discussions to purchase DirecTV for low to mid-$90s per share, or nearly $50 billion, and is working to finalize a deal in the next few weeks, Reuters reported on Monday.Lazard, which advised Leap Wireless International on its $1.2 billion sale to AT&T last year, is advising the wireless giant this time around, the people said, asking not to be named because the matter is not public.The company has yet to bring in large balance sheet banks for deal financing, according to the people, indicating that any deal may take a few more weeks to materialize.
Lazard Ltd (Lazard) is a holding company. Lazard is a financial advisory and asset management company. Shares of LAZ fell by 1.32% or $-0.66/share to $49.42. In the past year, the shares have traded as low as $30.63 and as high as $50.61. On average, 774841 shares of LAZ exchange hands on a given day and today's volume is recorded at 533641.
AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T traded higher by 0.52% or $0.19/share to $36.39. In the past year, the shares have traded as low as $31.74 and as high as $37.62. On average, 29310200 shares of T exchange hands on a given day and today's volume is recorded at 24180476.
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