Warner Bros. Discovery & BT Sport Close Joint Venture Transaction

The transaction for Warner Bros Discovery and BT Sport’s joint sports venture has closed successfully.

The conglomerates announced they would combine a few months ago when a deal for Dazn to acquire BT Sports fell through, and BT Sport and its subsidiary Eurosport UK’s assets have now been transferred into the combined 50/50 JV.

As work begins to develop the new sports offering for the UK & Ireland, BT Sport and Eurosport UK will be separate for a period of time before a new sports brand is launched, combining David Zaslav’s Warner Bros. Discovery and BT.

The new powerhouse will bring together the might of two sports juggernauts, with the likes of the Olympic Games, the Premier League, UEFA Champions League, UEFA Europa League, the Premier League, Premiership Rugby, MotoGP, UFC, Boxing and WWE on offer.

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