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BT’s £633 Million Sport TV Deal With Warner Bros. Discovery Gets UK Probe

  • CMA will investigate the joint venture on competition concerns
  • Deal will combine Premier League football rights, Eurosport
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BT Group Plc’s £633 million ($797 million) sport TV joint venture with American media giant Warner Bros. Discovery Inc. will undergo antitrust scrutiny from the UK’s competition watchdog. 

The Competition and Markets Authority said Wednesday that it’s looking into whether the transaction -- which sets a route for BT to sell its pay-TV unit BT Sport -- could raise competition concerns. The agency will decide on whether to move to an in-depth probe by July 28.