BUZZ-UK's BT a tad up on reported talks to sell TNT Sports stake to Warner Bros Discovery

Reuters

05-19

BUZZ-UK's BT a tad up on reported talks to sell TNT Sports stake to Warner Bros Discovery

** Shares of British telecom firm BT Group BT.L rises 0.3% to 166.7p

** Co is in advanced talks with Warner Bros Discovery WBD.O to sell 50% of its stake in TNT Sports, Financial Times reported on May 17

** WBD has an option to buy out BT's stake before the end of 2026, the report said

** Deal could be announced as early as this week - report

** BT up ~15% YTD

(Reporting by Nithyashree R B)

((NithyashreeRB@thomsonreuters.com))

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