AT&T; Board to Hear Offers for Broadband Unit
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AT&T; Corp.’s board will be briefed on at least three proposals to acquire or invest in its AT&T; Broadband unit at a three-day strategy retreat this weekend, but few definite decisions are expected to emerge, sources familiar with the matter said.
AT&T;, which has discussed options for its cable operation with several potential suitors since rival Comcast Corp. made an unsolicited $36.4-billion stock bid for the unit two months ago, will spend part of the retreat getting a status report on multiple proposals, the sources said.
AT&T; has held talks with several potential suitors, including AOL Time Warner Inc., Walt Disney Co., Microsoft Corp. and Cox Communications Inc., sources said. The companies declined to comment.
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