NBA rejects Warner Bros Discovery's $1.8bn offer for media rights due to "poison pill" clause disagreement.
NBA moves forward with Disney/Comcast/Amazon deal, as Warner Bros. Discovery (WBD) faces potential loss of NBA broadcasting rights. WBD attempted to match Amazon's $1.8bn offer for the NBA's media rights, but faced a "poison pill" clause requiring the first three years' payments to be placed in escrow. NBA claims WBD sought to alter this clause, leading to the current legal dispute.
August 26, 2024
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