TNT Sports Says Given NBA's Rejection Of Our Matching Of A Third-Party Offer, Have Taken Legal Action
Portfolio Pulse from Benzinga Newsdesk
TNT Sports has announced that it has taken legal action following the NBA's rejection of its attempt to match a third-party offer. This development could have implications for Warner Bros. Discovery (WBD), the parent company of TNT Sports.
July 26, 2024 | 5:07 pm
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Warner Bros. Discovery (WBD), the parent company of TNT Sports, may face legal and financial implications following TNT Sports' legal action against the NBA for rejecting its matching of a third-party offer.
The legal action taken by TNT Sports against the NBA could lead to potential legal costs and strained relationships, which may negatively impact Warner Bros. Discovery's stock in the short term.
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