By Kyle Morris

 

The U.K.'s Competition and Markets Authority said Wednesday that it will investigate whether BT Group PLC's sports joint venture with Warner Bros. Discovery may result in a substantial lessening of competition.

The regulator is inviting comments on the transaction from any interested party.

The merger inquiry has a deadline of July 28 for a phase 1 decision.

BT said on May 12 that it had finalized the sports joint venture in the U.K. and Ireland with Warner Bros. Discovery.

 

Write to Kyle Morris at kyle.morris@dowjones.com

 

(END) Dow Jones Newswires

June 01, 2022 02:28 ET (06:28 GMT)

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