BT Group Confirms Talks With Potential Partners for BT Sport
April 29 2021 - 2:48AM
Dow Jones News
By Adria Calatayud
BT Group PLC confirmed Thursday that it is in early discussions
with some strategic partners in relation to its BT Sport
business.
The confirmation from BT came after media reports indicated the
company was in talks with U.S. companies Amazon.com Inc. and Walt
Disney Co., as well as with sports-streaming platform DAZN, for a
potential sale of a stake in the business.
BT said the discussions are being held to explore ways to
generate investment, strengthen the business and help take it to
the next stage in its growth.
"The discussions are confidential and may or may not lead to an
outcome," BT said.
Shares in BT at 0711 GMT were up 2% at 163 pence.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
April 29, 2021 03:33 ET (07:33 GMT)
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