Business
Sunday, 7/5, 01:18 PM
Sky Agrees to Buy ITV's Broadcasting Arm in a UK Media Shake-Up
- Sky has agreed terms to buy ITV's broadcasting and streaming business, its channels and the ITVX platform, for a reported £1.6 billion, in a deal meant to help Britain's traditional broadcasters compete with global streaming giants.
- ITV Studios, the production arm, would stay independent, and the takeover still needs regulatory approval.