Media: Warner Bros. Discovery considers selling a stake in its gaming division
Warner Bros. Discovery Holding may sell part of WB Games, according to Financial Times sources. It seeks to reduce its net debt in this way — as of March 30, 2024, it exceeded $39 billion.
Hogwarts Legacy
Previously, it was reported that Warner Bros Discovery was considering another option for reducing debt. In mid-July, the Financial Times wrote that the holding was exploring the possibility of selling or spinning off the streaming service Max and the film company Warner Bros. At the time, this decision “looked convincing on paper,” but after analysis, Warner Bros. Discovery management found that it could create very serious operational problems.
After ruling out this option, Financial Times sources say the holding considered selling smaller assets. It is suggested that, in addition to a stake in WB Games, the Polish TV channel TVN might also be sold.
The size of the stake in WB Games that the holding might put up for sale is not specified, but selling the entire gaming division is not being considered.
