Warner Bros. Discovery Holding may sell part of WB Games, sources at Financial Times claim. The company aims to reduce its net debt in this way, which as of March 30, 2024, had exceeded $39 billion.
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Earlier, 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 its streaming service Max and film company Warner Bros. into a new company. Back then, this solution “looked convincing on paper,” but upon further analysis, Warner Bros. Discovery's management found it could create very serious operational issues.
After canceling this option, sources at Financial Times say, the holding is considering the sale of smaller assets. It is suggested that aside from a stake in WB Games, they may also sell the Polish TV channel TVN.
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 in question.