The deal makes Sony the sole owner of Gsn. AT&T had owned 42% of the company, which the telco giant inherited with its purchase of DirecTV in 2015. AT&T has been on a mission this year to pay down the $180 billion debt load left by its acquisitions of DirecTV and Time Warner. AT&T’s debt stands at about $154 billion, according to its third-quarter earnings report last month.
“We’re excited to bring Game Show Network fully into the Sony Pictures Entertainment portfolio,” said Mike Hopkins, chairman of Sony Pictures Television. “The acquisition allows us to work more closely with the company’s talented team to deliver the best iconic game shows, develop and syndicate new game show IP for audiences across the nation, as well as
to advance the fast-growing Gsn Games business,