Sky makes £2bn spending pledge as it prepares takeover of ITV broadcasting arm

Sky has pledged £2bn over five years to ITV’s studios business as it prepares to acquire ITV’s broadcasting arm, a move expected to secure the future of shows like Coronation Street and Love Island. The £1.6bn takeover deal could be announced in early July, involving ITV’s free-to-air UK TV channels and the ITVX streaming platform.