AT&T is reportedly exploring a parting of ways with DirecTV, including a spinoff as a public company or a merger with Dish Network

The Wall Street Journal reports that AT&T wants to get rid of DirecTV, one way or another.

The wireless carrier has considered various options, including a spinoff of satellite television provider DirecTV into a separate public company and a combination of DirecTV's assets with Dish Network, sources told WSJ.Earlier this month, activist investor Elliott Management Corp disclosed a $3.2 billion stake in the company and listed businesses, including satellite television provider DirecTV, as possible sale candidates.

The hedge fund urged the company to end its acquisition spree to focus on improving its business, while criticizing the $85 billion purchase of media company TimeWarner Inc last year and the $49 billion deal for DirecTV in 2015.

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