Published: November 7, 2025 at 9:15 am
ITV plc has confirmed that it is in preliminary discussions to sell its media and entertainment (M&E) business to Sky for £1.6 billion.
The strategy focuses on building a UK-based streaming giant but excludes ITV’s production arm.
This division covers the company’s existing broadcast channels and operations, which rely heavily on advertising revenue.
Sky, which is owned by US giant Comcast, becomes the latest in a string of businesses to explore an acquisition of ITV.
The news follows Liberty Global’s decision last month to sell roughly half of its long-held 10% stake in the broadcaster.