BT Group plc (LSE:BT.A) is in advanced talks to sell its 50% stake in British broadcaster TNT Sports to U.S. joint venture partner Warner Bros. Discovery, Inc. (NasdaqGS:WBD), the Financial Times reported. Reuters could not immediately confirm the report.
A deal could be announced as early as next week, the newspaper reported, citing sources it did not name. BT is set to report full-year results next week. Warner Bros Discovery has an option to buy out BT's stake before the end of 2026, the FT said, adding that a deal would end BT?s involvement in sports broadcasting after more than a decade.
WBD and TNT declined to comment on the report, while BT did not immediately respond to requests for comment outside business hours.
