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Announced

BT Group and Warner Bros to form a $780m joint venture.

Financials

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Transaction Value£633m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Private

Pending

Cross Border

sports

Ireland

Majority

Friendly

Acquisition

Joint Venture

Entertainment

Synopsis

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BT Group, a British multinational telecommunications holding company, and Warner Bros, an American film and entertainment company, agreed to form a $780m joint venture. "We are excited to bring fans a new premium sport offering that brings together everything they love from BT Sport and Eurosport UK. Combining this with our growing portfolio of premium entertainment content promises to deliver consumers a richer and deeper content proposition, not only providing greater value from their subscriptions but bringing sport to a wider entertainment audience," Andrew Georgiou, Warner Bros Discovery Sports Europe President and Managing Director.

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