UK Regulator Clears Warner Bros. Discovery/BT Group Deal
22 July 2022 - 4:45PM
Dow Jones News
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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