
Sky, owned by US telecom giant Comcast, has announced a £1.6bn deal to acquire ITV's broadcasting and streaming arm, including free-to-air channels and ITVX. The initial cash payment is £1.2bn, with up to £200m more possible in 2028 based on 2027 ad revenues. This acquisition aims to create the UK's largest commercial broadcaster.
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Analyzed · High confidence (85%)
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Sky pays £1.2bn cash initially, with up to £200m additional based on 2027 ad revenues.
Sky is owned by the US telecoms company Comcast.
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Sky will pay £1.2bn in cash initially for ITV's media and entertainment business, including free-to-air channels and ITVX.
The Guardian<p>US telecom giant Comcast to acquire free-to-air TV channels and streaming platform to create UK’s biggest commercial broadcaster</p><p>Sky has announced a £1.6bn deal to buy ITV’s broadcasting and streaming arm to create the UK’s biggest commercial broadcaster.</p><p>Sky, which is owned by the US telecoms company Comcast, will pay £1.2bn in cash initially for ITV’s media and entertainment business, which include its free-to-air TV channels in the UK and ITVX streaming platform.</p>
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Sky will pay £1.2bn in cash initially for ITV's media and entertainment business, including free-to-air channels and ITVX.
The GuardianThe deal will create the UK's biggest commercial broadcaster.
PredictionSky announced a £1.6bn deal to buy ITV's broadcasting and streaming arm.
The GuardianSky is owned by the US telecoms company Comcast.
The GuardianSky has agreed to pay up to £200m in the second half of 2028, depending on 2027 advertising revenues.
The Guardian