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

For the time being, AT&T has reportedly chosen against selling its Warner Bros. Interactive Entertainment video gaming department to another business. According to Bloomberg, the telecom concluded the system was too important to ditch, even if a sale would have helped the company with its $165 billion financial obligation load..
When news of the prospective sale very first broke, CNBC reported the sale of the department could have netted AT&T as much as $4 billion. A number of prominent video game publishers were apparently interested, consisting of Microsoft, Take-Two, EA and Activision Blizzard. Bloomberg reports two primary factors likely led to AT&Ts decision to ditch the sale.