AT&T Inc. (NYSE:T) Plans To Divest Warner Bros. Interactive Entertainment As It Expands 5G to 327 Markets


AT&T Inc. (NYSE:T) is considering selling its Warner Bros. Interactive Entertainment gaming unit according to reports.

AT&T to Sell gaming unit for $4 billion

The company is already in discussion with various companies such as Activision Blizzard Inc. (NASDAQ:ATVI), Take-Two Interactive Software Inc. (NASDAQ:TTWO) and Electronic Arts Inc. (NASDAQ:EA) over a deal. The gaming companies have shown interest in acquiring the Warner Bros gaming unit. If the company finalizes a deal, it could receive up to $4 billion from the sale.

AT&T acquired Times Warner in 2018 for around $109 billion of which the gaming unit is part of. According to CNBC, the company will sell the subsidiary in a deal which will see it continue to receive intellectual property compensation even after selling the unit. Interestingly some of the games offered in Warner Bros. Interactive Entertainment are based on the Dallas conglomerate’s franchises such as The Lego Movie, Harry Potter, and Game of Thrones.

It is not clear why AT&T is selling the gaming division. But following activist investment company Elliot Management Corp’s investment in the company last year, there has been a push for AT&T to divest non-core businesses, including DirectTV.

AT&T 5G available for Samsung Galaxy A71 5G in 327 markets

In other development, the company is enhancing the experience of Samsung Galaxy A71 5G users who will now be enjoying the 5G network. Customers will be able to get the Samsung Galaxy A71 5G at competitive rates for around $10 per month. After they add a new line, they will qualify for an unlimited rate plan from June 19, 2020. Users can then use the A71 5G to access the 5G low-band network that offers longer connectivity ranges.

Users with 5G devices, including the Samsung Galaxy A71 5G, can now enjoy the exciting experience that 5G offers. This week, 5G expanded to 137 new markets, including Nashville, Baton Rouge, and Atlanta, among others. Following the addition, AT&T 5G is now accessible across 327 markets in the US, covering more than 160 million people.