For now, at least
Microsoft cannot buy what is not for sale. Last month, rumors circulated that Microsoft was interested in the Warner Bros. gaming division for a possible $ 4 billion price tag. WarnerMedia’s parent company AT&T had raised a ton of debt and was looking to liquidate some liquidations. In addition to Microsoft, other suitors such as EA, Activision, and Take-Two Interactive were also said to be interested in acquiring Warner Bros. Interactive.
It looks like WBIE is going to be placed first. In an email to staff (which was made available to media and anyone with an Internet connection) WarnerMedia CEO Jason Kilar announced an organizational restructuring and layoffs. Under the close message that touched all corners of Warner’s business, Kilar said “Warner Bros. Interactive remains part of the Studios and Networks group.”
Video games will remain one of Warner’s focus for the foreseeable future, and affiliates such as Rocksteady (which Suicide Squad game in less than two weeks), Traveller’s Tales, Avalanche Software, NetherRealm, Monolith, and WB Montreal will remain under the same umbrella. However, if AT&T could not pay some of this debt, it could very well reconsider selling its gaming department in pieces rather than as one large collection of established studios.
WarnerMedia Organization Update [WarnerMedia Group]
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