Bloomberg put the price tag at about $50 billion.
The Journal reported that the two sides are discussing a deal that AT&T would pay for using a mix of cash and its stock.
Bloomberg reported that DirecTV management would still run the company as part of AT&T.
DirecTV shares closed at $87.16 Monday.
- Airplane debris discovered Wednesday on the coast of the French island of Réunion is found to belong to a Boeing 777, a Malaysian official confirmed to AFP Friday.
- Beijing has won its bid to host the 2022 Winter Olympics. It's the first city to host both the summer and winter games.
- Zimbabwe's environment minister has called for Walter Palmer, the American dentist who killed Cecil the lion, to be extradited over the animal's death.