Update (Tue 7th Jul, 2020 07:45 BST): According to a report from The Information (via vg247), Xbox giant Microsoft has shown interest in acquiring Warner Bros. Interactive Entertainment. This places it alongside Take-Two Interactive, Electronic Arts and Activision-Blizzard. At this stage, no deal has been made between AT&T and any of the parties.
Original Article (Sun 14th Jun, 2020 09:00 BST): According to a report from CNBC, AT&T wants to sell its Warner Bros. gaming division for "about" $4 billion, to pay off a huge debt, valued at almost $200 billion.
The interested buyers at the moment supposedly include Take-Two Interactive, Electronic Arts, and Activision-Blizzard. This would be a huge sale, so obviously not every company will be lining up.
Any sale that was approved would not necessarily give rights to IP like Batman and Harry Potter - instead, there would likely be a "commercial licensing agreement" - to ensure AT&T continues to earn revenue.
Two sources have told GamesBeat that the report is correct in terms of the division being up for sale but according to CNBC no deal is assured or imminent. If anything goes ahead, we'll be sure to let you know.