SCOOP: Sequoia Capital is targeting $2.25 billion for two U.S. VC funds, defying the chill over private tech investing Read Now

Attendees at the 2018 E3 conference in Los Angeles walk past a booth for Warner Bros. Interactive Entertainment. Photo by Bloomberg
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Media/Telecom Entertainment Microsoft

Microsoft Expresses Interest in Acquiring Warner Game Unit

Photo: Attendees at the 2018 E3 conference in Los Angeles walk past a booth for Warner Bros. Interactive Entertainment. Photo by Bloomberg

Microsoft has expressed interest in acquiring the games division of Warner Bros., the publisher behind popular game franchises based on Batman, Harry Potter and other characters, according to two people familiar with the situation.

An acquisition of the business, which consists of game development studios scattered around the U.S., Canada and the U.K., would help Microsoft expand the game-making capabilities of its Xbox group. But Warner’s parent, AT&T, hasn’t yet decided whether to sell the business. It is weighing the possibility as it looks at ways of paying down its $154 billion in debt, which stems partly from its 2018 acquisition of Time Warner, now known as WarnerMedia. 

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Sequoia Capital Targets $2.25 Billion for Two U.S. VC Funds
Sequoia Capital global managing partner Doug Leone. Photo: Bloomberg
Sequoia Capital, defying the tech market sell-off that’s chilled startup fundraising, is asking investors to commit money to two new U.S.-focused funds, according to two people familiar with the matter. The Menlo Park, Calif.-based venture capital firm behind Airbnb and DoorDash expects to dedicate $1.5 billion to a U.S. growth fund focused on more mature companies, the people said....
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