Warner Bros. Interactive Entertainment, owner of studios such as Rocksteady, NetherRealm, and TT Games, is seemingly no longer up for sale.
Reports came in last month that parent company AT&T – which acquired Warner Bros. in 2018 – was looking to offload its gaming division for “about $4 billion” (£3.1 billion) in a deal that may include a “commercial licensing agreement where AT&T can continue to get revenue from its IP” such as LEGO and Harry Potter. Take-Two, Electronic Arts, and Activision Blizzard all initially expressed interest, but no deal followed, and then reports came in that Microsoft had also expressed an interest in acquiring the outfit.
Now, however, it seems AT&T has reconsidered the sale and instead of selling off its gaming concern to help mitigate its debts, instead it is restructuring the organisation. In an email to staff, CEO Jason Kilar told staff Warner Bros. Interactive “remains part of the Studios and Networks groups”.