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Warner Bros. Games: AT&T No Longer Wants To Sell It

Microsoft, Take-Two, EA and Activision-Blizzard have also taken an interest in Batman games publisher Warner Bros. Games.

 

A few weeks ago, a Bloomberg report stated that AT&T was looking to sell Warner Bros. Interactive Entertainment, an idea that according to a new report from the aforementioned economic portal would have been ruled out today by the telecommunications giant. The reason? “It is too valuable.”

The decision to abandon the sale, which could always be subject to change according to Bloomberg, is explained in a context of changes of executives in the company. In this sense, John Stankey assumed the position of executive director of AT&T on July 1, replacing Randall L. Stephenson, while at WarnerMedia, Jason Kilar, founder of Hulu, was signed to take the reins of the media conglomerate and entertainment owner of Warner Bros.

Other reasons cite some hope for future releases by the publisher, including a new Harry Potter video game that resists being announced or the already confirmed Gotham Knights and Suicide Squad: Kill the Justice League presented at the DC FanDome with a view to a launch in 2021 and 2022 respectively. And third is a possible complexity in the operation. In this sense, it is explained that the sale of Warner Bros. Interactive Entertainment would have to carefully negotiate the conditions for the commercial exploitation of the huge list of licenses available to those responsible for Batman, Matrix or Mad Max, etc.

Be that as it may, Bloomberg assures that AT&T worked with LionTree Advisors, LLC to explore a possible transaction, with large companies in the sector such as Microsoft Corp., Take-Two Interactive Software Inc., Electronic Arts Inc. and Activision Blizzard Inc. having come out as interested. in an operation valued at 4,000 million dollars, or at least that is what the telecommunications giant hoped to extract, a significant sum that would allow it to alleviate the significant debt with which it currently lives.

Source: 3DJuegos

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