AT&T May Be Selling WB Interactive Entertainment
According to a recent report from CNBC, AT&T may be looking to sell Warner Bros. Interactive Entertainment. The parent company may be looking to sell the division for somewhere around the sum of $4 billion USD. WB Interactive Entertainment is the team behind the Batman Arkham titles, the Injustice series and various Lord of the Rings titles to name a few of their properties. Take-Two Interactive Software, Electronic Arts and Activision Blizzard have all been named as interested buyers. Mortal Kombat 11 is the most recent WB Interactive Entertainment title and it’s available right now for PS4, Xbox One, PC, Google Stadia and the Nintendo Switch.
While the cost of $4 billion may seem quite low for WB Interactive Entertainment, it’s likely that some of the licensing isn’t included in the price. Among the licensed games are various Harry Potter games, Lego games, DC Comics, etc. Acquiring the licensing beyond purchasing WB Interactive Entertainment may cost additional funds but the library of existing games could apparently be remastered on today’s technology for studios such as EA, Activision Blizzard and Take-Two to recover some of the costs.
Included in the Warner Bros. Interactive Entertainment umbrella are TT Games, Rocksteady Studios, NetherRealm Studios, Monolith Productions, WB Games Boston, Avalanche Software, WB Games Montreal and WB Games San Francisco. There’s no word on whether or not the popular licensing is included in the deal but considering most of the licenses are on Warner Bros. movies, it may be a completely separate issue. It’ll be interesting to see which of the interested parties end up purchasing WB Interactive Entertainment from AT&T and what the parent company does with the acquired resources.
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Source: Gaming Bolt