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

Sky, owned by US telecoms company Comcast, has agreed to a £1.6bn deal to acquire ITV’s broadcasting and streaming arm, including free-to-air TV channels and the ITVX platform. The transaction includes an initial £1.2bn cash payment and up to £200m additional payment in 2028 based on 2027 advertising revenues.