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.
- [Florida is bracing for tropical storm Erika, which is expected to hit the stat on Monday after tearing through Caribbean islands. At least 20 people have been killed. ›] (http://www.buzzfeed.com/stephaniemcneal/at-least-5-people-are-missing-after-tropical-storm-erika-thr)
- And on the same day 10 years later, former U.S. President George W. Bush toured New Orleans on the anniversary of Hurricane Katrina. ›
- Owen Labrie was found not guilty of felony sexual assault charges stemming from a 15-year-old former student's accusations that he raped her at St. Paul's School. ›