Reports reveal that Microsoft has shown its interest in buying the Warner Bros. Gaming Unit that is presently owned by AT&T. Warner Brothers also known as WB Games is behind famous franchises including Batman: Arkham series, numerous Lego games and much popular games Mortal Kombat. For the distribution of CD Projekt Red’s Cyberpunk 2077, that is to take place later this year, WB will be behind it.
The studios of Warner Bros. Games are situated in the US, the UK and Canada. In 2018, AT&T had purchased the game studio when it bought Time Warner’ assets. With this purchase, AT&T started witnessing the challenges such as the buying of Time Warner and Direct TV massively increased company’s debt and left AT&T seeking for ways to cut costs. Currently AT&T is facing many economic problems since the advertisers reduce their advertising budgets in this period of COVID-19.
It was last month when the news about selling WB Games came out in the media. With the news breaking of selling WB Games, speculations came out that it will be sold for around $4 billion. Apart from Microsoft, there are other companies who eye for buying WB Games such as Take Two Interactive Software, EA and Activision Blizzard. All of these giant companies are making high income.
Microsoft is the big contender in this deal and hopefully it will fetch the deal, as it has budget and is in need to develop in house game studios to create exclusive games. AT&T will be benefited with this sale money. The company plans to fire around 3400 jobs in coming weeks and is also on the verge to close 250 stores in the US due to coronavirus pandemic that will also register impact on 1300 jobs.