By Kyle Morris

 

The U.K.'s Competition and Markets Authority said Friday that it has decided not to refer BT Group PLC's sports joint venture with Warner Bros. Discovery to a Phase 2 investigation.

The regulator said on June 1 that it would look into whether the deal may result in a substantial lessening of competition.

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

July 22, 2022 02:30 ET (06:30 GMT)

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