Sky Acquires ITV in £2.1 Billion Deal
Comcast-owned Sky has agreed to buy the UK's largest commercial broadcaster ITV in a £2.1 billion deal, expanding its media presence and creating the UK's second-largest broadcaster. The acquisition includes ITV's free-to-air channels and on-demand platform ITVX, but excludes ITV Studios. The deal is subject to regulatory approval.
Key points
- Sky, owned by Comcast, is acquiring ITV, the UK's largest commercial broadcaster, in a £2.1 billion deal.
- The acquisition includes ITV's free-to-air channels and on-demand platform ITVX, but excludes ITV Studios.
- The deal will create the UK's second-largest broadcaster, behind the BBC, if approved by regulators.
- ITV will retain its Studios business, which produces shows like The Voice and Love Island.
- Analysts say the deal is aimed at competing with global streaming giants and YouTube.
The acquisition is part of Sky's strategy to expand its media presence and compete with global streaming giants. The deal is subject to regulatory approval, with concerns raised about the impact on media plurality. ITV will retain its Studios business, which produces popular shows like The Voice and Love Island. The acquisition includes ITV's free-to-air channels and on-demand platform ITVX, but excludes ITV Studios. Analysts say the deal is aimed at competing with global streaming giants and YouTube.
Sources
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