The boards of AT&T and DirecTV are set to meet Sunday on their potential $50-billion megamerger, The Wall Street Journal reported.
AT&T would pay about $95 a share to take control of DirecTV, the Journal reported, citing sources close to the deal. An agreement could be announced as soon as Sunday.
An AT&T spokesman declined to comment on the report, and no one was immediately available at DirecTV.
A merger between the two companies would create a potent rival to cable TV giant Comcast, which hopes to expand its coverage with the pending takeover of Time Warner Cable.