Sky Acquires ITV Media Business for £1.6bn, Consolidating British Broadcasting and Creating Streaming Rival
- Sky to buy ITV's Media and Entertainment arm for u00a31.6bn.
- ITV Studios becomes an independent global content producer.
- ITV shareholders receive around u00a3950m; deal completes late 2027.
Comcast-owned pay-TV operator Sky has agreed to acquire ITV's Media and Entertainment division for £1.6 billion, with the transaction expected to complete in the second half of 2027. The deal fundamentally separates ITV's business: its production arm, ITV Studios, will operate as an independent global content creator, while…








