RTE.ie·3 min read·medium
ITV to sell media & entertainment unit to Sky for £1.6bn
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RTÉ News
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Sky has agreed to acquire ITV's broadcast and streaming units for £1.6 billion to better compete with global streaming giants like Netflix and Disney. The deal faces potential regulatory scrutiny due to the combined entity's significant share of the UK television advertising market.
Comcast's Sky has agreed to buy the broadcast channels and streaming service of Britain's ITV for £1.6 billion, creating a UK company with the scale to compete with global players like Netflix, Amazon and Disney.
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