First reported by The Guardian
Sky owner announces £1.6bn takeover of ITV’s broadcasting arm
ITV Expects Lengthy Antitrust Review of Sky's $2.1 Billion Takeover
By
Scott Roxborough
4h ago· 4 min readenNews
Summary
ITV CEO Carolyn McCall expects a "thorough and comprehensive" antitrust review of Comcast-owned Sky's $2.13 billion acquisition of ITV's networks and streaming business, with regulatory approval potentially taking 12-18 months and likely reaching phase 2. ITV argues the merger is necessary to compete with global streaming giants like Netflix and YouTube.
Source
The Hollywood ReporterITV Expects Lengthy Antitrust Review of Sky's $2.1 Billion Takeoverhollywoodreporter.comKey quotes
· 3 pulledWe expect a very thorough and comprehensive review [of the deal]. Which we expect will go to phase 2.
We expect a very through and comprehensive review [of the deal]. Which we expect will go to phase 2.
12 to 18 months.
Comcast-owned Sky has closed a deal to buy the U.K.'s leading free-TV network for $2.1 B. ITV argues the mega-merger is needed to compete with the likes of Netflix and YouTube.
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