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Microsoft is among suitors for Warner Bros’ gaming unit: The Information
Posted on Tuesday, 07 July 2020 15:35
Microsoft is interested in acquiring the gaming unit of mass media and entertainment conglomerate Warner Bros, according to The Information, citing two people with knowledge of the matter. No further details have been disclosed at this time and none of the parties involved have made any official statement on the matter. A sale of the gaming division, which trades as Warner Bros Interactive Entertainment and is also known as WB Games, was first reported in June, when CNBC cited sources in the know as saying AT&T was mulling a divestment in a bid to raise around USD 4.00 billion. That report named Take-Two Interactive Software, Electronic Arts and Activision Blizzard among the prospective suitors. The sources, who did not wish to be identified as the matter is private, said there is no guarantee of a sale taking place. WB Games’ library includes titles under the Mortal Kombat, Harry Potter, Game of Thrones and Lego banners. Microsoft is no stranger to the acquisition trail; according to Zephyr, the M&A database published by Bureau van Dijk, the company has announced four purchases since the beginning of 2020. The most recent of these was signed off in late June, when it agreed to pick up Massachusetts-headquartered industrial internet security software developer CyberX for a reported USD 170.00 million. This was preceded by purchases of ADRM Software, Metaswitch Networks and Affirmed Networks. Zephyr shows there have been 2,124 deals targeting software publishers announced worldwide since the start of 2020. Of these, the most valuable is worth USD 5.00 billion and saw Insight Partners picking up the remaining stake it did not already own in Cyprus-headquartered Veeam Software. Other companies in the sector to have been targeted this year include naviHealth, Compuware and ForeScout Technologies. © Zephus Ltd