22:21 - 6.07.2026

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July 6, Fineko/abc.az. Sky has agreed to acquire ITV’s Media & Entertainment division for £1.6 billion ($2.2 billion), creating one of the largest broadcasting and streaming players in the United Kingdom.

Key Financial and Deal Terms:

• Payment Structure: The deal includes a £1.2 billion cash payment and up to £200 million in performance-based earnouts tied to advertising targets in 2027.

• Asset Exchange: As part of the agreement, ITV will buy back Love Productions from Sky for £200 million.

• Included Assets: The acquisition covers ITV's flagship television channels and its streaming platform, ITVX. Meanwhile, ITV Studios will remain an independent business.

Future Content Commitments: Under the terms of the deal, Sky has committed to investing at least £2.1 billion into ITV Studios content between 2028 and 2032.