AT&T puts Warner Bros. Interactive up for sale
Take-Two, Electronic Arts, and Activision Blizzard have all expressed an interest.
Warner Bros. Interactive Entertainment is reportedly up for sale.
As reported by CNBC (thanks, IGN via Nintendo Life), parent company AT&T - which acquired Warner Bros. in 2018 - is looking to offload its gaming division for "about $4 billion" (£3.1 billion) in a deal that may include a "commercial licensing agreement where AT&T can continue to get revenue from its IP" such as LEGO and Harry Potter.
CNBC purports anonymous sources "familiar with the matter" but "asked not to be named because the discussions are private" have revealed Take-Two, Electronic Arts, and Activision Blizzard have all expressed an interest, but apparently there is no imminent deal as yet.
The deal will likely see WB Interactive studios like NetherRealm, Rocksteady, and TT Games change hands once again as AT&T fights to reduce its $165 billion (£131bn) debts.
At the time of writing, both Warner Bros. and AT&T have declined press requests for comment.