BT-Warner Bros. Discovery Sport Deal Invites UK Antitrust Inspection


A £ 633 million ($ 977 million) sports TV joint venture with BT Group Plc’s Warner Bros. Discovery is subject to antitrust oversight by a British competition watchdog, Bloomberg said. I am reporting.

The Competitive Markets Authority asked if this transaction could raise competitive concerns.

Therefore, the CMA will decide whether to move to a detailed investigation by July 28th.

Earlier, BT has set up a joint venture with Warner Bros. Discovery to disclose that it will bundle Premier League football rights with Eurosport, which has a single brand in the future.

BT aims to transfer its pay-TV business to a US company to receive £ 93m in cash and £ 540m in revenue. Warner Bros. then gets a call option to buy BT’s interest in the business.

Anusya Rahiri

© 2022 Epoch Times. The Epoch Times does not provide investment advice. all rights reserved.

Benzinga

follow

Posted on