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.
- Hillary Clinton came closer than ever to attacking Donald Trump's character and tied her opponent to the "alt-right" movement.
- Italy declared a state of emergency in the regions hardest hit by Wednesday's earthquake. At least 267 people have died and 400 others were injured.
- And we asked tourists and locals in Nice, France, what the burkini ban means to them.