Microsoft (MSFT) – Get report He has reportedly expressed interest in acquiring the gaming division of AT&T (T) – Get report Warner Bros.
The software giant is interested in the games division, the information reported, citing two people familiar with the situation.
Warner Bros. Interactive Entertainment, or WB Games, is known for publishing the series “Batman: Arkham”, “Middle-Earth: Shadow of Mordor”, “many games” Lego “and” Harry Potter “,” Mortal Kombat “and” The Witcher 3: Wild Hunt “.
The unit consists of game development studios in the United States, Canada, and the United Kingdom.
Last month, media reports said AT&T was considering the sale of the gaming business in a possible $ 4 billion deal.
AT&T acquired the gaming business as part of the Time Warner asset purchase in 2018. This deal and the 2014 acquisition of DirecTV increased AT & T’s debt and the company has been looking for ways to cut costs and offload assets.
Like other media companies, AT&T is losing revenue as television advertisers withdraw from deals with broadcast and cable channels as the coronavirus continues to hit the United States economy hard.
Neither Microsoft nor AT&T immediately responded to requests for comment.
Recent media reports said AT&T planned to cut more than 3,400 technician and administrative jobs across the country and close stores in the coming weeks, as the closure of the coronavirus pandemic has prompted consumers to shop online. .
The wireless service provider also plans to permanently close more than 250 stores, which would affect some 1,300 retail jobs, Reuters reported, citing the company’s main union, the Communications Workers of America.
AT&T said that most employees would be offered alternative positions within the company.
AT&T plans to release second quarter earnings on July 23.
In the latest check, Microsoft shares rose 2.2% to $ 210.74, while AT&T rose 1.1% to $ 30.40.
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