Sky to buy ITV’s Media & Entertainment arm in £1.6bn deal
ITV has agreed to sell its Media & Entertainment business to Sky in a deal worth up to £1.6bn, in a move that reshapes British broadcasting and hands shareholders a near-£1bn payout.
The sale covers ITV's linear channels and streaming platform ITVX. ITV Studios, the production arm behind Coronation Street and Love Island, is not part of the transaction. It will continue as a standalone, London-listed content business.
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