Comcast’s Sky is set to acquire ITV’s networks and streaming businesses in a deal valued at roughly $2.1–$2.13 billion, according to multiple reports. The transaction involves ITV’s media and entertainment operations, including its network and streaming assets. After the planned sale, ITV is expected to become a standalone production business rather than a vertically integrated broadcaster, continuing to produce programs for the combined ITV–Sky portfolio as well as for other broadcasters and streaming services globally. One outlet reports the consideration as $2.13 billion, while another cites the sale price as about $2.1 billion. A separate report frames the deal in UK terms, describing it as up to £1.6 billion. The sources indicate that ITV Studios will become a standalone business following the transaction. Terms related to closing timing and regulatory approvals are not detailed in the provided excerpts.
Comcast’s Sky to acquire ITV’s media and streaming networks in about $2.1B deal
Comcast’s Sky is set to acquire ITV’s networks and streaming businesses in a deal valued at roughly $2.1–$2.13 billion, according to multiple reports. The transaction involves ITV’s media and entertai...
- Comcast’s Sky agreed to acquire ITV’s media and entertainment/network and streaming businesses.
- The deal value is reported at about $2.1–$2.13 billion (and up to £1.6 billion in one report).
- The transaction is expected to leave ITV operating as a standalone production business.
- After the sale, ITV content is expected to be produced for ITV–Sky and also for other broadcasters and global streamers.
- The reports describe the deal as involving ITV’s networks and streaming assets, alongside its media and entertainment unit.
The deal will leave ITV as a standalone production business, making shows for the combined ITV-Sky as well as other broadcasters and streamers globally.
1 hour agoThe ITV Studios production arm will become a standalone business after the planned transaction.
2 hours ago
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