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.
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.