AT&T is reportedly looking to sell Warner Bros. Interactive Entertainment, its
says Take-Two Interactive, Electronic Arts, and Activision Blizzard are
all interested in adding this to their cart and hitting the checkout button.
AT&T is discussing a sale of its Warner Bros. Interactive
Entertainment gaming division in a deal that could fetch about $4 billion,
according to people familiar with the matter.
Take-Two Interactive Software, Electronic Arts and Activision Blizzard have all
expressed interest in buying the gaming division, said the people, who asked not
to be named because the discussions are private. No deal is assured or imminent,
two of the people said.
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.” 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.
Spokespeople at AT&T and Take-Two declined to comment. Spokespeople at EA and
Activision weren’t immediately available for comment.