BT nears deal to sell TNT Sports stake to Warner Bros Discovery

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BT is in advanced negotiations to sell its 50 percent of British BroAradcaster to the US joint venture partner Warner Bros Discovery, according to two people familiar with the situation.

The transaction may be known at the beginning of next week, added when Upright It is defined to release the results of its entire year. However, this period could still be slipped, depending on how much progress is progressing.

This step will end the BT’s involvement in the broadcast of sports after more than a decade, bringing a few billion pounds to the “Telecommunications Company”, which offers exclusive football games and adhere to the actors.

Warner Bros Discovery has an option before the end of next year to buy BT. The transaction deal will provide better control over the future of sports channels that are the main part of business in Europe.

Sports will be the cornerstone of WBD stream service when next year starts in the UK next to HBO series, for example, Sequence aeration of White LotosA number of platform – which was this week that was renamed HBO MAX, not just to show the most new Harry Potter The series.

BT and WBD refused to comment.

BT entered the sports market in 2012 with an aggressive strategy to compete with the sky in the peat of the broadcasting house, conforming to the packaged offers of television, broadband and mobile services.

However, TNT channels, which have the right to football games of some exceptional Premier League, have been recognized as a basis for BT Chief Executive Alesbi. After taking on February 44 of 2024 he has searched for company on his traditional mobile and broadband offer.

TNT has long been a monetary outflow for BT due to the increase in competition with the sky and Amazon to provide basic competitions, such as the Premier League. Business fixed 187.5 million pounds in the fiscal year of 2024, according to the accounts presented at the House of Britain.

The joint venture is estimated at BT accounts more than 750 million pounds. However, people close to the talks say that the value of the business book is not a reflection of the transaction, and that any transaction related to WBD will be significantly lower than this figure.

TNT Sports, which has the right to show other competitions, including the UEFA Champions League, after BT, its sports division united in Eurosport UK in 2022.

The company has four years of dealing air 52 Premier League Live Live meetings until 2029, and a four-year deal with the Football Association in 2025.