The Los Angeles County Museum of Art has formally offered to acquire the Museum of Contemporary Art in Los Angeles, according to Jori Finkel in the Los Angeles Times. Michael Govan, director of LACMA, sent a letter on February 24, also signed by the two cochairs of his board, that laid out the details of the proposed acquisition. Apparently, leaders at LA MoCAwhich has struggled with financial difficulties as well as the defections of staff and board membersinitiated a request for the proposal. Although Finkel notes that those who have seen the letter are not at liberty to discuss any details in depth, it is known that LACMA is offering to raise $100 million for the merger, and will continue to operate the two downtown LA MoCA sites under its original name. Govan told the Times that negotiations were “friendly and cooperative.” LACMA similarly made an acquisition proposal in 2008, but the offer became unnecessary at the time when LA MoCA was bailed out by Eli Broad, who donated $30 million.