From the merger, a new sports joint venture will be born for the United Kingdom and Ireland. Although the amount of the operation was not disclosed, it is speculated that the deal was closed at £540 million.
BT Group and Warner Bros. Discovery welcomed the decision to approve the BT Group agreement with Warner Bros. Discovery, Inc. to form a 50:50 joint venture company that will create a new sports offering for the UK & Ireland.
BT Group has agreed a set of definitive agreements with Warner Bros. Discovery to form a 50:50 joint venture company to create a new premium sport offering for the UK and Ireland.