It looks like AT&T is planning to sell off their gaming division, Warner Bros Interactive Entertainment, according to reports.
The division has had a lot of groundbreaking games under their belt, such as the Batman Arkham series, but the word on the street is that the company is looking to make a deal up to $4 billion dollars. Gaming companies have been throwing their hats in the ring for this purchase, with several of the bigger companies like Activision, Take-Two and Electronic Arts being some prime examples.
Whatever company closes the deal will win a slew of gaming title rights to popular franchises like Harry Potter, Lord of the Rings, and Mad Max.
AT&T’s Sale Is Another Company’s Gaming Gain
The winning company would get their hands on the Batman Arkham games, which is a very good title to have in their pocket. To be the company behind the next edition in the Batman game which change the superhero game many years ago. Other titles like Mortal Kombat and DC’s Injustice franchises are also in the bonanza of titles for the lucky company. WB Interactive also holds the right to the LEGO series of games such as Batman, Harry Potter, Jurassic World and Marvel Superheroes.
The news of the selling of the gaming division could related to AT&T CEO John Stankey. Elliot Management, a hedge fund firm placed $3.2 billion in the company and for its big chunk of change is asking AT&T to sell their non-core assets like DirecTV. Stankey has apparently shown no interest in doing so but said they are focusing on “A lot of work around portfolio rationalization” instead.
It’s interesting to hear what this firm wants gone. Will AT&T get rid of any other assets from other divisions either from their cellular phone or television divisions? There has been no official announcement released as of yet, but make sure you stick around with The Illuminerdi for more entertainment news and features.