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"Now, however, it seems AT&T has reconsidered the sale and instead of selling off its gaming concern to help mitigate its debts, instead it is restructuring the organisation"

If I were to make a wild guess I would say no one was willing to buy all the studios in one single purchase and now they're looking to just sell some of them separately. 

I still think the best option for Warner Bros would be to just license their IPs. They would be earning money without having to spend a dime.