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AT&T Plans To Keep WB Games, Apparently Refusing To Sell The Gaming Unit

Despite the massive interest in WB Games, AT&T seems to be keeping the gaming unit to itself.

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AT&T, Warner Bros. Interactive Entertainment's (WB Games) parent company, has changed its mind. Instead of selling its high-valued gaming unit, AT&T plans to hold onto WB Games for the foreseeable future.

According to sources who spoke to Bloomberg on the condition of anonymity because the information is still private, AT&T has removed WB Games from its list of non-core assets to sell off. The sale was initially sparked by AT&T looking to streamline its subsidiaries and pay off mounting debt, but the company has since realized WB Games' potential, shrugging off the prices the division was attracting.

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WB Games consist of studios like Avalanche Software (Cars 3: Driven to Win), NetherRealm Studios (Mortal Kombat 11), Rocksteady Studios (Batman: Arkham Knight), WB Games San Francisco (Harry Potter: Wizards Unite), and a few others. The newest titles attached to WB Games are Gotham Knights and Suicide Squad: Kill The Justice League, which are launching in 2021 and 2022, respectively.

Since the announcement that AT&T was looking to sell WB Games in June 2020, a bevy of companies has expressed interest in the prolific gaming division. This includes Activision, Electronic Arts, Microsoft, and Take-Two Interactive, among others. The sale could have fetched a $4 billion price tag.

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