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UPDATE: AT&T Won’t Sell Warner Bros. Interactive Entertainment

WRITTEN BY | 28 Sep 2020
UPDATE: AT&T Won’t Sell Warner Bros. Interactive Entertainment
M&A

💵 Potential Sale

  • AT&T is no longer selling its gaming division Warner Bros. Interactive Entertainment (WBIE). Apparently, the division is too valuable to be sold, even when AT&T have to look for opportunities to pay its almost $200B debt

  • Activision Blizzard, Electronic Arts, Take-Two Interactive and Microsoft were among the potential buyers of the division, when the offer was still open. The potential valuation range was around $4B

  • AT&T acquired WBIE parent Time Warner in 2018, and currently owns rights to Warner Bros. titles

🎲 Products

  • Over the last 26 years, Warner Bros. has acquired a number of studios, which scientifically contributed to the WB games

  • Currently, Warner Bros. Interactive Entertainment owns 6 game studios and 5 WB game offices

  • Most popular games include Lego franchise, Batman: Arkham, Mortal Kombat, Harry Potter game series and Scribblenauts franchise

  • Lego franchise — a series includes game series based on Warner Bros. movies such as Batman, Harry Potter  and The Lord of the Ring. The series has sold over 100m copies, making more than $2b for Warner Brothers

 

SOURCES: BLOOMBERG, GAMESINDUSTRY

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Warner Bros. Interactive Entertainment
  • Established in 1993

  • Headquarters — Burbank, United States

  • Founded by Jim Wuthrich

  • Video games publisher, developer, licensor and distributor