(Pocket-lint) - DAZN has failed in its bid to amass BT Sport, with the UK sports activities broadcasting arm of BT opting to proceed merger talks with Discovery completely.
It was reported in January that DAZN was getting ready to a £500 million buyout of BT Sport. Nevertheless, the BT Group has as an alternative turned it down in favour of a 50/50 cut up merger with Discovery's Eurosport UK division.
Unique discussions on the deal are actually underway. The tip outcome will probably change into a "new sport and leisure providing for patrons within the UK".
Talks are anticipated to conclude within the subsequent couple of months. BT Group and Discovery hope to have the brand new service up and operating by the top of 2022, topic to approval by competitors authorities.
"The proposed three way partnership with Discovery, Inc. would create an thrilling new sports activities broadcasting entity for the UK and would act as an ideal residence for our BT Sport enterprise," stated BT boss Marc Allera.
"With a shared ambition for progress, in addition to the mixture of our world class sports activities belongings together with Discovery’s premium sports activities and leisure content material, our clients will profit from much more content material in additional locations."
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