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June 12, 2020, 4:14 p.m. EDT

AT&T in talks to sell WB games business in possible $4 billion deal: report

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By Wallace Witkowski

AT&T Inc. /zigman2/quotes/203165245/composite T +0.74% is in talks to sell off Warner Bros. Interactive Entertainment in that deal that could value the gaming business at as much as $4 billion, according to a report Friday. CNBC reported that Take-Two Interactive Software Inc. /zigman2/quotes/204008930/composite TTWO -0.82% , Electronic Arts Inc. /zigman2/quotes/206954087/composite EA +0.13% and Activision Blizzard Inc. /zigman2/quotes/200717283/composite ATVI -1.37% are all interested in the gaming division, according to unidentified sources close to the matter. Warner Bros. Interactive carries such titles as "Harry Potter: Wizards Unite," "Mortal Kombat 11," "Game Of Thrones Conquest," as well as the Lego and Hitman franchises. CNBC said it was unable to obtain comment from the involved parties. AT&T shares closed up 1.1% at $30.50, while Take-Two shares declined 0.7% to $134.00, Electronic Arts shares fell 0.4% to $121.97, and Activision shares rose 0.6% to close at $71.68.

/zigman2/quotes/203165245/composite
US : U.S.: NYSE
$ 30.11
+0.22 +0.74%
Volume: 34.36M
April 21, 2021 4:04p
P/E Ratio
N/A
Dividend Yield
6.91%
Market Cap
$214.94 billion
Rev. per Employee
$746,783
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/zigman2/quotes/204008930/composite
US : U.S.: Nasdaq
$ 176.45
-1.45 -0.82%
Volume: 1.27M
April 21, 2021 4:00p
P/E Ratio
41.30
Dividend Yield
N/A
Market Cap
$20.32 billion
Rev. per Employee
$532,581
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/zigman2/quotes/206954087/composite
US : U.S.: Nasdaq
$ 141.04
+0.18 +0.13%
Volume: 1.58M
April 21, 2021 4:00p
P/E Ratio
34.95
Dividend Yield
0.48%
Market Cap
$40.57 billion
Rev. per Employee
$557,755
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/zigman2/quotes/200717283/composite
US : U.S.: Nasdaq
$ 93.18
-1.29 -1.37%
Volume: 8.00M
April 21, 2021 4:00p
P/E Ratio
32.97
Dividend Yield
0.50%
Market Cap
$72.19 billion
Rev. per Employee
$851,474
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