A BT emblem sits on a wall outdoors the headquarters of BT Group Plc in London, U.Ok., on Monday, Dec. 15, 2014. BT began unique talks to amass Deutsche Telekom AG and Orange SA’s British wi-fi enterprise EE for 12.5 billion kilos ($19.6 billion), shifting forward with a deal that is set to spur extra mergers within the U.Ok. telecommunications market. Photographer: Jason Alden/Bloomberg by way of Getty Photographs
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BT is in superior talks to promote its 50% stake in British broadcaster TNT Sports activities to U.S. three way partnership associate Warner Bros Discovery, the Monetary Occasions reported on Saturday.
Reuters couldn’t instantly verify the report.
A deal might be introduced as early as subsequent week, the newspaper reported, citing sources it didn’t identify. BT is about to report full-year outcomes subsequent week.
Warner Bros Discovery has an possibility to purchase out BT’s stake earlier than the tip of 2026, the FT stated, including {that a} deal would finish BT’s involvement in sports activities broadcasting after greater than a decade.
WBD and TNT declined to touch upon the report, whereas BT didn’t instantly reply to requests for remark outdoors enterprise hours.
[In 2022, the British telecom firm agreed to a sports broadcasting tie-up with Discovery in which both companies were equally represented on the venture’s board. A deal would come at a time when media companies are exploring options for their struggling cable TV businesses and sharpening the focus on their faster-growing streaming and studios divisions. WBD plans to launch its HBO Max service in Britain, Ireland, Italy and Germany in 2026
