US telecom giant Comcast to snap up free-to-air TV channels and streaming platform to create UK’s biggest commercial broadcaster
Sky has announced a long awaited £1.6bn deal to buy ITV’s broadcasting and streaming arm to create the UK’s biggest commercial broadcaster.
Sky, which is owned by the US telecoms company Comcast, will pay £1.2bn in cash initially for ITV’s media and entertainment business, which include its free-to-air TV channels in the UK and ITVX streaming platform. It has agreed to pay a further up to £200m in the second half of 2028, depending on 2027 advertising revenues.
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This article was originally published by The Guardian and written by Julia Kollewe.
Read original article on The Guardian