(Reuters) – Warner Bros Discovery is suing the National Basketball Association after it rejected the media giant’s matching bid for broadcasting rights, CNBC reported on Thursday.
The NBA on Wednesday rejected an offer from Warner’s TNT sports division — ending their four-decade long partnership — and announced new rights agreements with Walt Disney’s ESPN, Comcast-owned NBCUniversal and Amazon.com in an 11-year deal valued at $77 billion.
Warner Bros Discovery and NBA did not immediately respond to Reuters request for comment.
(Reporting by Harshita Mary Varghese; Editing by Shilpi Majumdar)
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