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Microsoft Interested In A Warner Bros’ Gaming Unit Buy

 |  July 6, 2020

Microsoft has expressed interest in buying Warner Bros’ gaming unit, The Information reported on Monday, citing two people familiar with the matter.

Warner Bros parent AT&T was discussing a sale of its Interactive Entertainment gaming division that owns popular videogame “Mortal Kombat” for a deal that could be worth about $4 billion, CNBC reported last month. 
However, Warner Bros. parent company AT&T has yet to decide whether it will sell the business, but is weighing the possibility in order to pay down its $154 billion in debt, The Information said. Investment bank LionTree is reportedly helping AT&T field interested parties, but no deal is currently imminent.

An acquisition of the business, which consists of game development studios scattered around the US, Canada and the UK, would help Microsoft expand the game-making capabilities of its Xbox group. But Warner’s parent, AT&T, hasn’t yet decided whether to sell the business. It is weighing the possibility as it looks at ways of paying down its $154 billion in debt, which stems partly from its 2018 acquisition of Time Warner, now known as WarnerMedia. 

Full Content: Reuters

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