AT&T reportedly backs away from selling Warner Bros. Interactive

AT&T has reportedly abandoned a sale that could've netted the debt burdened company as much as $4

Curated via Twitter from Engadget’s twitter account….

Moreover, the fact so many of the games the unit publishes license intellectual property owned by Warner Bros. may have made a potential sale more complicated than AT&T anticipated.

AT&T reportedly backs away from selling Warner Bros.

AT&T reportedly backs away from selling Warner Bros.

For the time being, AT&T has reportedly decided against selling its Warner Bros.

When news of the potential sale first broke, CNBC reported the sale of the division could have netted AT&T as much as $4 billion.

AT&T reportedly backs away from selling Warner Bros.

Since then, the company has sought ways to reduce its debt load. "We have no sacred cows — we're always open to making portfolio moves," recently appointed CEO John Stankey told investors in October.

According to Bloomberg, the telecom concluded the unit was too valuable to ditch, even if a sale would have helped the company with its $165 billion debt load.

Link to original article….

Leave a Reply

Leave a comment
%d bloggers like this:
scroll to top