ITV in Talks to Sell Networks Arm to Comcast-Owned Sky for $2.1 Billion [Yahoo! Finance]
ITV PLC UNSP/ADR (ITVPY)
NASDAQ:AMEX Investor Relations:
itvplc.com/investors
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Source: Yahoo! Finance
The shock news — which would fundamentally change the British broadcasting landscape if it were to go ahead — would see Comcast take control of ITV's linear channels and ITVX streaming business, significantly expanding its U.K. TV foothold, having already acquired Sky for around $30 billion in 2018. More from Variety Comcast Taps Bankers to Explore Bid for Warner Bros. Discovery Assets Comcast Co-CEO Says 'The Bar Is Very High' for M&A Deals but 'Expect Us to Look at Things' Comcast Sees Q3 Profit Drop, Facing Comparisons With 2024 Olympics, Cord Cutting According to news reports, the bid from Sky centers on the potential creation of a U.K.-focused streaming giant. In a short statement sent Friday morning, ITV said it noted “the recent press speculation and confirms that it is in preliminary discussions regarding a possible sale of its M&E business to Sky for an enterprise value of £1.6bn.” It added: “There can be no certainty as to the terms upon which any potential sa
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