AT&T are reportedly looking to sell Warner Bros. Interactive Entertainment’s gaming division for $4 billion USD.
CNBC reports that AT&T are reportedly discussing the sale for $4 billion USD “according to people familiar with the matter.” This is likely to help pay off AT&T’s $165 billion USD in debt.
Prospective buyers are said to include Take-Two Interactive Software, Electronic Arts and Activision Blizzard. However, two of the individuals CNBC spoke to said no deal was assured or imminent.
The list of IPs under Warner Bros. Interactive Entertainment include the Lego games, Mortal Kombat, Hitman, Scribblenauts, Harry Potter, Game of Thrones, Batman Arkham and more. The sources claim that the deal may involve a commercial licencing agreement (so AT&T would continue to earn revenue from those IPs).
Representatives of AT&T and Take-Two declined to comment, while EA and Activision “weren’t immediately available for comment.”
We previously reported that Warner Bros. Interactive Entertainment (also known as Warner Bros. Games) had reportedly planned to reveal a new Batman and Harry Potter game, along with a title from Rocksteady. However, this was prior to the cancellation of E3 2020 due to the coronavirus pandemic.
We will keep you informed as we learn more.