Looks like big moves are being made surrounding Warner Bros. Interactive Entertainment. According to a report from CNBC, AT&T is looking to sell the gaming division of WarnerMedia to interested developers. The company could fetch Warner $4 billion from the right buyer. Potential interested parties include Take-Two Interactive, EA and Activision Blizzard.
Warner Bros. Interactive is home to several developers including NetherRealm Studios, Rocksteady Games, Monolith Studios, TT Games, Avalanche Software and several WB studios in North America. The company has rolled out hit titles such as the Batman Arkham series, LEGO games franchise, Disney Infinity, Shadow of Mordor, Shadow of War and Mortal Kombat. The latest release, Mortal Kombat 11: Aftermath, was released May 26. The gaming unit has also worked on titles such as Game of Thrones, Harry Potter and Cars. The two former are owned by Warner Bros, the deal might feature some kind of commercial licensing agreement where AT&T would receive part of the revenue from these intellectual properties.
The news comes amid movements being made at Warner and AT&T. Former Hulu Jason Kilnar stepped into his role as WarnerMedia CEO on May 1, while his predecessor, John Stankey, readies himself to sit in as the new CEO of AT&T on July 1.