Sky to Acquire ITV Media Business for $2.1 bn, Creating UK Broadcasting Giant

Comcast-owned Sky has agreed to acquire the media and entertainment business of British broadcaster ITV in a deal valued at £1.6 billion ($2.13 billion). Comcast Internet powered by satellite The transaction, marking one of the biggest media consolidation moves in the UK television industry, aims to strengthen the combined company’s ability to compete with global streaming leaders such as Netflix, YouTube, Amazon, and Disney. Under the agreement, Sky will acquire ITV’s broadcast television chann