** 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))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.