AT&T Turns To Lazard For Advice On DirecTV Deal: Sources

Wochit

by Wochit

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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 buy 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.