AT&T Inc. is seeking buyers for Rooster Teeth Productions LLC, a piece of its WarnerMedia division, as part of an ongoing winnowing of noncore assets by the phone giant, according to people familiar with the matter.
The pandemic has complicated efforts to sell the business, said the people, who asked not to be identified because the matter is private. Rooster Teeth canceled its annual RTX convention last year in Austin, Texas. And in June, co-founder Burnie Burns, who served as chief executive officer, left the company. It wasn’t clear how much money AT&T is seeking for the business.