AT&T Wants to Sell Warner Bros.’s Gaming Division for $4 Billion

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Image: Warner Bros.

CNBC has learned that AT&T is planning to sell its Warner Bros. Interactive Entertainment gaming division, which happens to own Mortal Kombat’s NetherRealm Studios and Rocksteady Studios, of Arkham Asylum/City/Knight fame. Big-name publishers such as Take-Two Interactive Software, Electronic Arts, and Activision Blizzard have reportedly expressed interest in a deal that could be worth $4 billion.

“Many of the video game titles within Warner Bros. Interactive are tied to Warner-owned intellectual property, including Harry Potter, Game of Thrones, and The Lego Movie, wrote CNBC. “The unit also owns the Mortal Kombat and the Scribblenauts series. A deal might involve a commercial licensing agreement where AT&T can continue to get revenue from its IP, the people said.”

AT&T has racked up a debt of over $150 billion due to its Time Warner purchase in 2018, so it’s pretty obvious where some (or all) of this money would be going if a sell-off did occur. It’s unclear how it would affect titles that are currently in development, such as WB Games Montréal’s rumored Batman title.

Tsing Mui
News poster at The FPS Review.

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