AT&T is reportedly discussing a sale of its Warner Bros. Interactive Entertainment gaming division, in step with an infinite quantity of reports. The deal may perchance perchance moreover advance in across the $4 billion tag and may perchance perchance moreover have a licensing part that can soundless generate revenue from the mental property.
Reducing debt is the goal of any deal. Warner Bros. Interactive titles are largely tied to Warner-owned mental property, collectively with Harry Potter, Sport of Thrones and The Lego Movie, however involves the Mortal Kombat and the Scribblenauts sequence.
Amongst the rumored suitors are Obtain-Two Interactive Blueprint, Electronic Arts, and Activision Blizzard.
Spokespeople at AT&T declined to advise. The company may perchance perchance have John Stankey as its novel CEO as of July 1, replacing Randall Stephenson. The novel CEO enters with a mandate to divest properties and cut debt.
AT&T received Time Warner for $109 billion in a 2018 deal and has about $165 billion in debt.