Sky owner announces £1.6bn takeover of ITV’s broadcasting arm
Sky announced a £1.6 billion takeover of ITV's broadcasting arm, aiming to create the UK’s largest commercial broadcaster. The deal involves an initial £1.2 billion cash payment and an additional £200 million based on 2027 advertising revenues. ITV's chair Andrew Cosslett emphasized the transaction's importance in maintaining ITV's role as a public service broadcaster.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 06 Jul 2026, 06:25 UTC · Updated 06 Jul 2026, 06:40 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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