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Warner Bros. Discovery and BT complete sports joint venture deal

Media group Warner Bros. Discovery and telecoms firm BT have completed their transaction to form a 50:50 joint venture that combines the assets of pay-television broadcaster BT Sport and the UK arm of international sports broadcaster Eurosport.

BT Sport and Eurosport UK will retain their separate product propositions for an unspecified period of time. The intention is to launch a new sports brand in the market in due course and present a combined sports offering together with an entertainment offering from Warner Bros. Discovery.

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