UK Regulator to Probe Warner Bros. Discovery-BT Sports Joint Venture
June 01 2022 - 2:43AM
Dow Jones News
By Kyle Morris
The U.K.'s Competition and Markets Authority said Wednesday that
it will investigate whether BT Group PLC's sports joint venture
with Warner Bros. Discovery may result in a substantial lessening
of competition.
The regulator is inviting comments on the transaction from any
interested party.
The merger inquiry has a deadline of July 28 for a phase 1
decision.
BT said on May 12 that it had finalized the sports joint venture
in the U.K. and Ireland with Warner Bros. Discovery.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
June 01, 2022 02:28 ET (06:28 GMT)
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