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Britain's ITV in talks with Comcast's Sky on $2.15 billion TV sale

Y2kTheNewOldies

Y2kTheNewOldies


LONDON, Nov 7 (Reuters) - Britain's ITV (ITV.L), opens new tab is in preliminary talks to sell its television business to Comcast-owned (CMCSA.O), opens new tab Sky for 1.6 billion pounds ($2.15 billion) as both look to compete with Netflix, Amazon and Disney.
A combination of Britain's biggest public service commercial channel and its leading pay-TV business would account for more than 70% of the UK television advertising market, analysts said.


It would also create scale in streaming, a source close to the talks said, adding the groups had a "deep understanding" of British audiences across sport, entertainment, drama and news.
Click to expand...

Here is Comcast's Sky division mentioned as a candidate to get ITV in the UK if approved.

www.hollywoodreporter.com

Comcast’s Sky in Talks to Acquire U.K. TV Giant ITV’s Media Unit in Deal Valuing It at $2.1 Billion

The ITV Studios production arm would not be part of the possible transaction.
www.hollywoodreporter.com www.hollywoodreporter.com

In a statement early Friday morning London time, ITV said it was in “preliminary discussions regarding a possible sale of its M&E business to Sky for an enterprise value of £1.6 billion,” which translates to $2.1 billion.

The M&E business includes ITV’s commercial free-to-air TV channels in the U.K., as well as its ITVX streaming platform. Its revenue for the first nine months of 2025 was down 5 percent from the year-ago period to 1.45 billion pounds ($1.90 billion).
Click to expand...
 
www.hollywoodreporter.com

ITV Braces for “Thorough and Comprehensive” Antitrust Review of Sky Takeover

Comcast-owned Sky has closed a deal to buy the U.K.'s leading free-TV network for $2.1 B. ITV argues the mega-merger is needed to compete with the likes of Netflix and YouTube.
www.hollywoodreporter.com www.hollywoodreporter.com

Here's more this time the UK reviews antitrust concerns with the sky-itv deal. The interesting part is this is when Comcast in the US is exploring on actually spinning off NBC Universal with SEC, DOJ, FCC and state attorney general approval.
 
Y2kTheNewOldies said:
www.hollywoodreporter.com

ITV Braces for “Thorough and Comprehensive” Antitrust Review of Sky Takeover

Comcast-owned Sky has closed a deal to buy the U.K.'s leading free-TV network for $2.1 B. ITV argues the mega-merger is needed to compete with the likes of Netflix and YouTube.
www.hollywoodreporter.com www.hollywoodreporter.com

Here's more this time the UK reviews antitrust concerns with the sky-itv deal. The interesting part is this is when Comcast in the US is exploring on actually spinning off NBC Universal with SEC, DOJ, FCC and state attorney general approval.
Click to expand...
Sky is one of the businesses Comcast wants to spin off, alongside NBC Universal:


Comcast want to remain as a broadband and technology company, but what they don't seem to realise is that Sky (which they're spinning off) is one of the top 3 broadband ISPs in the UK with about 5.5 million active customers.
 


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