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Sony Pictures and AT&T reportedly looking to sell off GSN Games

Sony Pictures and AT&T reportedly looking to sell off GSN Games

It looks like social and casino game developer GSN Games could be up for sale.

Variety reports that its two major stakeholders Sony Pictures Entertainment and AT&T, which hold 58 and 42 per cent ownership respectively, are awaiting results from the first round of bids on the real-money gaming company.

Sources claim the outlet that Sony is merely testing the waters to determine GSN Games’ worth further down the line. AT&T, on the other hand, is thought to be looking to unload unnecessary sides of its business to pay off its $170 billion debt.

For sale

Both are expecting bids on GSN Games to range from $600 to $700 million from bidders in the social media and gaming sectors. It’s suggested that Sony may look to take over AT&T’s share, or GSN Games could see an entirely new ownership arrangement.

GSN Games spawned from online casino gaming company Worldwinner, becoming GSN Games in 2007. The studio worked on a real-money version of Angry Birds with Rovio, alongside licensed Wheel of Fortune and Scrabble slots games.


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