WB Games “Too Valuable” To AT&T, No Longer up for Sale

Warner Bros. Interactive Entertainment's sale has been taken off the table.

Posted By | On 01st, Sep. 2020

wb games

A couple of months ago, reports emerged that Warner Bros. Interactive Entertainment (or WB Games) were up for sale as parent company AT&T looked to settle its debts and streamline internal structuring by selling off assets. Microsoft, EA, Activision, and Take-Two Interactive emerged as the frontrunners in what was potentially looking like a multi-billion dollar deal.

However, less than a month ago, it started looking like things had changed for WB Games, and that AT&T were no longer looking to sell the company off. Now, a new report by Bloomberg claims the same. As per the report, thanks to a recent change in leadership at AT&T (with former COO John Stankey having stepped in as CEO in early July), the company now considers WB Games “too valuable”, and sees value in the potential growth of its business, especially with some major releases coming up.

The one release that Bloomberg’s report mentions specifically is the rumoured upcoming Harry Potter RPG, which could turn out to be a major commercial success if things go right. Other factors are also at play, such as all the licensing arrangements that would have gone hand-in-hand with a potential sale of the entire WB Games division.

WB Games has a couple of other major games releasing in the next few years as well, with Gotham Knights due out in 2021, and Suicide Squad: Kill the Justice League set for a 2022 launch.


Amazing Articles You Might Want To Check Out!



Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

Cyberpunk 2077 Dev Team is Moving on to Cyberpunk 2, Director Says

Cyberpunk 2077 Dev Team is Moving on to Cyberpunk 2, Director Says

Update 2.0 and Phantom Liberty are the action RPG's last big updates, game director Gabe Amatangelo has reiter...

Fall Guys Developer Mediatonic Affected by Epic Games Layoffs – Report

Fall Guys Developer Mediatonic Affected by Epic Games Layoffs – Report

Though the Epic Games-owned studio isn't closed, Bloomberg's Jason Schreier reports it was hit "very hard" wit...

Super Mario Bros. Wonder Commercials Showcase Elephant Form, Power-ups, and Returning Boss

Super Mario Bros. Wonder Commercials Showcase Elephant Form, Power-ups, and Returning Boss

From transforming into Goombas to giant forms and bubbles, Mario's next platforming adventure could be his tri...

Fortnite – V-Bucks Prices Increasing on October 27th

Fortnite – V-Bucks Prices Increasing on October 27th

Inflation and currency fluctuations have caused the price increase, which affects the United States, Hungary, ...

Payday 3 Review – Highway Robbery

Payday 3 Review – Highway Robbery

Starbreeze's newest title in the co-op heist shooter series should have been a slam dunk, but falls short in s...

Max Payne 1 and 2 Remake is a “Big, Big Project” – Sam Lake

Max Payne 1 and 2 Remake is a “Big, Big Project” – Sam Lake

Remedy's creative director says bringing both titles "up to modern standards and combining them into one" is a...