FCA & Rules 6 July 2026, 08:57 BST

Sky owner announces £1.6bn takeover of ITV’s broadcasting arm

City noticeboard, Trade Hub UK (2026-07-06): Sky has announced a long-awaited £1.6bn deal to buy ITV’s broadcasting and streaming arm to create the UK’s biggest commercial broadcaster. Sky, which is… Primary source: original at The Guardian (theguardian.com).

By The Guardian

Sky owner announces £1.6bn takeover of ITV’s broadcasting arm

Sky has announced a long-awaited £1.6bn deal to buy ITV’s broadcasting and streaming arm to create the UK’s biggest commercial broadcaster.

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 includes its free-to-air TV channels in the UK and ITVX streaming platform. It has agreed to pay a further potential £200m in the second half of 2028, depending on 2027 advertising revenues.

Source: The Guardian