AT&T Selling Gaming Unit for $4 Billion - LongNews hit right before the close.
AT&T in talks to sell WB games business in possible $4 billion deal.
Looks like a bidding war could erupt.
From the news release, Take-Two-Interactive, Electronic Arts and Activision are all interested in buying the gaming business.
This will give AT&T much needed capital.
I see the stock moving higher on this deal.
Going long!
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