BT Group and Warner Bros. Discovery Agree Premium Sports Joint Venture for the UK and Ireland

Following its announcement of exclusive discussions on 3 February 2022, BT Group plc ("BT Group") has agreed a set of definitive agreements with Warner Bros. Discovery, Inc. ("Warner Bros. Discovery") to form a 50:50 joint venture company to create a new premium sport offering for the UK & Ireland (the "JV"), and to transfer the operating businesses of BT Sport to Warner Bros. Discovery (together the "Transaction").

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