WB Games is getting broken up as AT&T sells off most of its media businesses in a sale/merger with Discovery, AT&T announced today. Warner Media, WB Games’ parent company, will merge with Discovery to form a a new company that’s already being billed as “one of the largest global streaming players.”
AT&T will receive $43 billion in the sale, and its shareholders will receive stock that will make up 71% of the new company. The sale is expected to be finalized next year. WB Games is made up of a lot of 11 studios: Rocksteady, NetherRealm, Monolith, TT Games, Avalanche Software, WB Games Montréal, WB Games Boston, WB Games Los Angeles, WB Games San Francisco, WB Games San Diego, and WB Games New York.
WB Games wasn’t explicitly mentioned in the announcement, but a spokesperson told Axios that the publisher will be broken up in some way, as reported on Twitter by Stephen Totilo. “Some of the gaming arm will stay with AT&T and some will go with the new company,” the spokesperson said. It is currently unknown which studios will go where.
WB Games is getting broken up somehow due to AT&T's WarnerMedia-Discovery sale/merger. "Some of the gaming arm will stay with AT&T and some will go with the new company," rep tells Axios' @sarafischer. No further info. WB Games lists 11 studios, games for all kinds of IP, devices
— Stephen Totilo (@stephentotilo) May 17, 2021