Sale Off? WB Games Appears To Have Struck Out (VL304)

The continuing saga of WB Games appears to have come to an end (or at least a temporary respite), as "sources" indicate that AT&T has removed the company from the auction block.

But while AT&T and WarnerMedia would no doubt like the world to believe that it simply re-examined its priorities and found WB Games too valuable to sell, there would appear to be a lot more going on behind the scenes.

Who better to strike out than a batman... in Virtual Legality.

CHECK OUT THE VIDEO AT: https://youtu.be/utOaKv2bWnQ

#WBGames #Sale #Rumors

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Discussed in this episode:

"Will WB Games Really Be Sold? A Corporate Lawyer's View (VL247)"
YouTube Video - June 16, 2020 - Hoeg Law
https://youtu.be/hxPrQgunHNo

"AT&T seeks sale for Warner gaming unit, could fetch about $4 billion, sources say"
CNBC - June 12, 2020 -Alex Sherman
https://www.cnbc.com/2020/06/12/att-seeks-sale-for-warner-gaming-unit-could-fetch-4-billion.html

"Pressing Pause on Microsoft/WB Games Rumors (VL259)"
YouTube Video - July 6, 2020 - Hoeg Law
https://youtu.be/MrgotWNvLhs

"Microsoft Expresses Interest in Acquiring Warner Game Unit"
Jessica Toonkel - July 6, 2020 - The Information
https://www.theinformation.com/articles/microsoft-expresses-interest-in-acquiring-warner-game-unit

"Despite Reports, WB Games Is Still Very Much For Sale (VL281)"
YouTube Video - August 10, 2020 - Hoeg Law
https://youtu.be/avPbbwO7Eoc

"AT&T looks to have changed its mind about selling its gaming studios"
Eurogamer - August 9, 2020 - Vikki Blake
https://www.eurogamer.net/articles/2020-08-09-at-and-t-looks-to-have-changed-its-mind-about-selling-its-gaming-studios

"Bob Greenblatt, Kevin Reilly Out Amid Major WarnerMedia Restructuring"
The Hollywood Reporter - August 7, 2020, Lesley Goldberg, Natalie Jarvey
https://www.hollywoodreporter.com/live-feed/bob-greenblatt-kevin-reilly-major-warnermedia-restructuring-1306486

"AT&T to Scrap Sale of Warner Bros. Video-Game Unit"
Bloomberg - September 1, 2020 - Nabila Ahmed and Scott Moritz
https://www.bloomberg.com/news/articles/2020-09-01/at-t-is-said-to-scrap-sale-of-warner-bros-video-game-unit

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"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:
https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

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Twitter: @hoeglaw
Web: hoeglaw.com
Blog: hoeglaw.wordpress.com