ITV, Sky and British
Digest more
ITV Plc has agreed to sell its media and entertainment arm to Comcast Corp.-owned Sky Group Ltd. in a deal worth as much as £1.6 billion ($2.1 billion) including debt, a move that will reshape the UK television industry.
Comcast-owned Sky has closed a deal to buy the U.K.'s leading free-TV network for $2.1 B. ITV argues the mega-merger is needed to compete with the likes of Netflix and YouTube.
LONDON, July 6 (Reuters) - British broadcaster ITV said on Monday it had agreed to sell its media and entertainment division to Comcast's Sky for £1.6 billion ($2.13 billion). ITV will receive £1.2 billion in cash,
Comcast-owned Sky has officially announced a deal to acquire ITV’s broadcast channels and ITVX streaming ... Read More
The rise of YouTube and internet streaming has pushed Britain's traditional broadcasters into each other's arms.
