AT&T Corp.'s board of directors reportedly will meet Thursday night to examine its options for AT&T Broadband.
The Wall Street Journal reports those options include a proposal to merge its cable systems with those of AOL Time Warner and a separate plan to line up investors, including Walt Disney Co., for a spinoff of AT&T Broadband.
Several weeks of talks between
AT&T Chairman C. Michael Armstrong and other top executives
have not produced any firm offers, aside from the unsolicited $40 billion offer from Comcast Corp. which AT&T summarily rejected.
AOL and Disney have proffered preliminary proposals. But deal is believed to be imminent and the board isn't expected to take significant action at Thursday's meeting.
The television industry's top news stories, analysis and blogs of the day.
Thank you for signing up to Next TV. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.