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AT&T in talks to sell WB games business in possible $4 billion deal: report

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AT&T in talks to sell Warner games business in possible $4 billion deal: report

AT&T Inc. T, +1.09% is in talks to sell off Warner Bros. Interactive Entertainment in that deal that could value the gaming business at as much as $4 billion, according to a report Friday.

reported that Take-Two Interactive Software Inc. Electronic Arts Inc. EA, -0.36% and Activision Blizzard Inc. are all interested in the gaming division, according to unidentified sources close to the matter. Warner Bros. Interactive carries such titles as"Harry Potter: Wizards Unite,""Mortal Kombat 11,""Game Of Thrones Conquest," as well as the Lego and Hitman franchises.

said it was unable to obtain comment from the involved parties. AT&T shares closed up 1.1% at $30.50, while Take-Two shares declined 0.7% to $134.00, Electronic Arts shares fell 0.4% to $121.97, and Activision shares rose 0.6% to close at $71.68.

 

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