Sky to Buy ITV’s Media Arm for Up to $2.1 Billion: ‘This Is a Defining Moment for British Media’

It’s finally official.

Comcast-owned U.K. pay-TV operator Sky has agreed to acquire ITV’s Media and Entertainment business for total consideration of up to £1.6 billion ($2.14 billion).

The deal, expected to close in the second half of 2027, will separate ITV Studios into a standalone global content business and return roughly £950 million ($1.27 billion) […] ...