Sky will acquire ITV, the combined company will edge out YouTube for second place in the UK
Comcast-owned Sky will acquire ITV’s media and entertainment divisions in a £1.6 billion deal. ITV’s broadcast channels and the ITVX streaming service will remain free-to-air. Negotiations started back in November and this is what the two companies agreed on. Sky will pay ITV £1.2 billion in cash and it will transfer Love Productions (which makes […]
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