Deal facts
- Buyer
- Sky
- Target
- ITV Media and Entertainment business
- Deal value
- GBP 1,600,000,000
- Announced
- 6 July 2026
- Status
- Firm intention
- Sector
- Media & Entertainment
- Country
- United Kingdom
- Consideration
- cash, shares, deferred
Sources
Sky has agreed to acquire the ITV Media and Entertainment business in an asset sale valued at 1.6 billion GBP. The transaction involves a mixed consideration package comprising cash, shares, and deferred elements. Both parties are based in the United Kingdom within the Media and Entertainment sector. The deal was announced on 6 July 2026 and represents a significant consolidation of assets between two major industry players.
The transaction remains in the firm intention stage and is not yet completed. Regulatory approval and other standard closing conditions must be satisfied before the deal can proceed to finalisation. No specific completion date has been confirmed at this time. The structure allows Sky to expand its portfolio while ITV divests specific media operations to focus on core broadcasting activities.
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SALE OF ITV M&E BUSINESS TO SKY
FOR IMMEDIATE RELEASE THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION ISIN:GB0033986497 6 July 2026 ITV plc ("ITV" or the "Company") SALE OF ITV M&E BUSINESS TO SKY FOR UP TO £1.6 BILLION - UNLOCKING SIGNIFICANT VALUE FOR SHAREHOLDERS Transaction Highlights · Sale of the ITV Media and Entertainment business ("ITV M&E") to Sky for a total
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Buyer history
Sky
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