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First reported by BBC
ITV sells media and entertainment arm to Sky for £1.6bn

Sky Agrees to £1.6 Billion Deal to Acquire ITV Media & Entertainment

By

Ray Flook

2h ago· 4 min readenNews
entertainmentmediabusinessmergers & acquisitions

Summary

Sky has announced a £1.6 billion agreement to acquire ITV Media & Entertainment from ITV, with £1.2 billion in cash. The deal is already drawing regulatory attention due to its significance in the UK media landscape. The acquisition would combine Sky's pay-TV and broadband operations with ITV's free-to-air broadcasting and production assets.

Source

Bleeding CoolSky Agrees to £1.6 Billion Deal to Acquire ITV Media & Entertainmentbleedingcool.com

Key quotes

· 3 pulled
To say this would be a big deal that is already hitting some regulatory radars would be an understatement – and it's easy to see why.
Sky announced that it had agreed to terms to acquire ITV Media & Entertainment from ITV for £1.6 billion
Move over, Paramount Skydance and Warner Bros. Discovery.
Snippet from the RSS feed
Move over, Paramount Skydance and Warner Bros. Discovery. On Monday, Sky announced that it had agreed to terms to acquire ITV Media & Entertainment from ITV for £1.6 billion ("subject to adjustment for cash, debt and net working capital"), with &pou

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