Time Warner, seeking a buyer for the Braves, has made significant progress in negotiations with both Atlanta Falcons owner Arthur Blank and Colorado-based Liberty Media, people familiar with the talks said Thursday.
Negotiations have progressed far enough that a deal could be completed fairly quickly with either bidder.
Blank and Time Warner have closed the gap that earlier divided them on financial terms, putting a possible deal within striking range.
But Time Warner could opt to instead include the team as part of a larger transaction being negotiated with Liberty Media.