The New York Times’s Ed Wyatt is reporting an imminent decision on MoCA’s fate:

Jeremy Strick, the director of the museum, is negotiating the terms of his resignation with members of the board of directors, two people close to the board said on Tuesday.

Those people, who spoke on the condition of anonymity because the negotiations are ongoing and the conditions of a possible resignation could change, said that an agreement was expected to be reached by Thursday, when the board is also expected to announce which of two potential rescue offers it will accept.

Culture Monster describes LACMA’s offer to take over LA MoCA:

Under the terms of the proposed merger, MOCA’s collection and programs would be exhibited at MOCA’s Geffen Contemporary Space in Little Tokyo, the Broad Contemporary Art Museum at LACMA and at LACMA’s Lynda and Stewart Resnick Exhibition Pavilion, under construction on the LACMA campus.  Additional programs are planned for MOCA’s Grand Avenue site.

According to a statement from LACMA, the merger would be constituted among the volunteer not-for-profit boards of both museums and additional private funding sources. It would not involve financial support from Los Angeles County.

LACMA’s “strong director and management team already in place” would be in charge, according to LACMA chairman Andrew Gordon. The goal, said LACMA director Michael Govan, would be “the continuation of [MOCA’s] renowned exhibition program and its commitment to living artists.”

LACMA Proposes a Merger with MoCA (Culture Monster)