LONDON: Britain's competition watchdog on Friday approved the BT Group agreement with Warner Bros. Discovery, Inc. to form a 50:50 joint venture (JV) company that will create a new sports offering for the UK & Ireland.
The Competition and Markets Authority’s (CMA) decision now allows BT and Warner Bros. Discovery to complete the creation of the JV in the coming weeks and for each of their assets to be transferred into the new company.
