AT&T Looking to Sell Warner Bros Gaming Unit for $4 Billion: Report

Jun. 15, 2020

US telecom major,AT&T, is reportedly negotiating the sale of its gaming division, Warner Bros. Interactive Entertainment(WBIE), with a number of prominent video game studios and publishers. According to unnamed sources quoted byCNBC,the deal could fetch around $4 billion (Rs. 30,000 crore). Take-Two Interactive, EA andActivision Blizzardare some of the notable companies said to be in negotiations with AT&T.

WBIE holds the copyright over a number of popular game franchises, including ‘Harry Potter’, ‘Game of Thrones‘, ‘The Lego Movie’ and more. The unit also owns other popular gaming franchises, like ‘Mortal Kombat‘ and ‘Scribblenauts’. The report says that AT&T is looking to structure the deal in a way that will still earn it some royalty payments for these titles.

None of the companies responded when contacted by CNBC for comments. However, sources quoted by the report suggest that it is only a matter of time before the deal is done. According to the report, AT&T is desperately looking to divest its assets to service its massive debt of almost $200 billion. What that means is that we should hear something official on this matter sooner rather than later.

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