EA and Activision might be looking to acquire WB Interactive
AT&T, the parent company of WarnerMedia, is looking to sell off Warner Bros. Interactive Entertainment. According to CNET, the conglomerate is fielding offers, with the final selling price potentially landing at $4 billion.
CNET report that three major games publishers, Take-Two Interactive Software, EA, and Activision-Blizzard, are interested, but nothing is close to being finalised. AT&T had shelled out $109 billion for Time Warner in 2018, in what was a landmark deal comparable to Disney's acquisition of 20th Century Fox in 2019.
Founded in 2004, Warner Bros. Interactive Entertainment currently owns Rocksteady Games, NetherRealm Studios, TT Games, Monolith Games, and Avalanche Software, alongside a number of WB-branded studios. Most of the major IP is licensed, such as LEGO, Harry Potter, Lord of the Rings, and DC comics. Some of these teams have defined themselves on these licenses, like the Batman Arkham series from Rocksteady, TT Games and the multitude of LEGO titles, or Monolith and the Middle-Earth games. There's many strong franchises within the pool of IP, and a lot of great developers who make them, making a changeover a tectonic idea should it come to pass.
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