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AT&T Looking to Sell Warner Bros. Gaming Division

According to a recent report from CNBC AT&T is considering selling the Warner Bros. gaming division for about 4 billion dollars as it seeks to divest assets with total debts nearing 200 billion dollars. Interested parties include Take-Two Interactive, Electronic Arts, and Activision Blizzard according to Industry Insiders. Most Warner Bros. Interactive games are based on Warner-owned intellectual property, such as "Harry Potter," "Game of Thrones" and "The Lego Movie." in addition to several separate franchises such as "Mortal Kombat" and "Scribblenauts". Any deal will likely involve a commercial licensing agreement with AT&T where they can continue to receive revenue from its IP.
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Dec 22nd, 2024 17:27 EST change timezone

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