Unanswered Calls

    • This article was first published in the FOS Daily Newsletter. Subscribe here.
    • AT&T is reportedly shopping around multiple assets, but not the Warner Bros. gaming division.

Daily Newsletter

Sign up and see why influential business executives call it a “morning must-read.”

AT&T is backing away from earlier reports it could sell its Warner Bros. video game unit. In July, AT&T was reportedly exploring a potential sale of the division for upwards of $4 billion with major game developers as potential suitors.

The gaming unit publishes a variety of games, including titles under the Harry Potter and Mortal Kombat brands.

While that asset is off the table, AT&T continues to look to spin off parts of its business as reports suggest it’s exploring deals including its digital ad unit and DirectTV.

These discussions come a few months after there were reports DraftKings was interested in purchasing Bleacher Report from the company. A potential Bleacher Report sale hasn’t surfaced again recently, but the media company did shutter its B/R Mag long-form unit earlier this month.