Discovery in Exclusive Talks Over U.K. Joint Venture With BT Sport
Discovery and British telecom giant BT Group said on Thursday that they were in exclusive talks to merge their sports media units BT Sport and Eurosport in the U.K. and Ireland.
BT Group “has entered exclusive discussions with Discovery Inc. on a deal to create a new sport and entertainment offering for customers in the U.K.,” the company said in the early London morning. “The new business would be a 50/50 joint venture, bringing together BT Sport with Eurosport U.K.” Discovery added that the talks also include Ireland, saying a joint venture “would bring together BT Sport and Eurosport U.K., which have extensive portfolios of premium sport rights, including the Olympic Games, Premier League, UEFA Champions League, UEFA Europa League, cycling Grand Tours, tennis Grand Slams, the winter sport World Cup season and Premiership Rugby.”
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