Companies
Monday, 7/6, 07:37 AM
Sky Agrees to Buy ITV's Channels and ITVX in a Deal Worth Up to £1.6 Billion
- ITV has agreed to sell its broadcasting business, the ITV channels and the ITVX streaming service, to Comcast-owned Sky for up to £1.6 billion, splitting the British broadcaster in two and handing shareholders about £950 million.
- ITV's studios arm will live on as a separate listed company.