Sky owner announces £1.6bn takeover of ITV’s broadcasting arm
US telecom giant Comcast to snap up free-to-air TV channels and streaming platform to create UK’s biggest commercial broadcasterSky 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 include its free-to-air TV channels in the UK and ITVX streaming platform. It has agreed to pay a…
Source: www.theguardian.com