BT set to sell TNT Sports stake to Warner Bros Discovery – FT

Investing.comMay 17, 2025 9:30 AM

View all comments（0）



Investing.com -- BT Group PLC (LON:BT) is in advanced negotiations to sell its 50% stake in U.K. broadcaster TNT Sports to Warner Bros Discovery Inc (NASDAQ:WBD), its U.S. joint venture partner, the Financial Times reported on Saturday.

A deal could be announced as early as next week, coinciding with BT’s full-year earnings, though timing may still shift depending on the progress of discussions, the report added.

The sale would mark the end of BT’s decade-long foray into sports broadcasting, a strategic move once intended to boost broadband subscriptions through exclusive football content.

Warner Bros Discovery already holds the option to buy out BT by the end of 2025. Acquiring full control would strengthen its hand as it integrates sports into its European streaming service, set to launch in the U.K. next year.

According to the FT, TNT has been a financial drag due to costly competition with Sky and Amazon (NASDAQ:AMZN) over major sports rights. In the 2024 financial year, the business posted a pre-tax loss of £187.5 million.

Though BT values its stake in the joint venture at more than £750 million, the report added that any transaction would likely be priced well below that figure.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

SK Hynix Surges Over 4% as Q3 Results Hit Record High, Returning $75 Billion to Shareholders

SK Hynix reported a record-breaking Q3 operating profit while announcing a massive 100 trillion won (approximately $75 billion) shareholder return plan, sending its stock price surging 4%.

Today’s Market Recap: $63 Billion Anthropic Compute Financing Lifts Chip Stocks, Broadcom Gains 4%, CRWV Rises Nearly 8%, Boeing Falls Over 10%

TradingKey - On October 27, Eastern Time, all three major U.S. stock indexes closed higher, with the Nasdaq and the S&P 500 gaining for the second consecutive trading day. AI-related stocks continued to lead the rally, while a $63 billion computing power financing deal involving Broadcom (AVGO) lift

KOSPI Tops 5,800, Kioxia Jumps Over 4% as SK Hynix Revenue and Profit Hit Record Highs

The KOSPI surged over 3%, Kioxia jumped 4%, Samsung and SoftBank joined the rally, and SK Hynix unveiled a massive 100 trillion KRW in shareholder returns.

US Stocks Close: Nasdaq Rises Over 1%, Philadelphia Semiconductor Index Gains Over 3%; Chip Stocks Extend Rally, CoreWeave Gains Nearly 8%

On Tuesday, October 27, Eastern Time, U.S. stocks moved higher, with chip stocks extending their rally to drive the Nasdaq to lead the gains. Amid falling oil prices, investors continued to assess a heavy slate of corporate earnings reports while focusing on the Federal Reserve's interest rate meeting. At the close, the Dow Jones Industrial Average rose 0.03% to 52,377.57 points; the Nasdaq Composite Index gained 1.18% to 26,477.81 points; and the S&P 500 Index advanced 0.60% to 7,722.60 points.

Amazon Q3 Earnings Preview: AWS Growth Expected to Rise to 41%, Wall Street Top Price Target $400

TradingKey - Amazon (AMZN) will release its third-quarter 2026 financial results after the U.S. market close on October 29, Eastern Time, and hold an earnings conference call at 17:00 on the same day.

Featured Tools