Sky makes £2bn spending pledge as it prepares takeover of ITV broadcasting arm
Deal could be announced in July and vow will safeguard future of shows such as Coronation Street and Love IslandSky has committed to spending £2bn on ITV’s studios business over the next five years as it hammers out a takeover of its broadcasting arm, a move that will safeguard the future of popular programmes such as Coronation Street and Love Island.Sky, owned by the US telecoms company Comcast, has been in talks for months to buy ITV’s media and entertainment operations, which include its fre
Overview
Deal could be announced in July and vow will safeguard future of shows such as Coronation Street and Love Island
Sky has committed to spending £2bn on ITV’s studios business over the next five years as it hammers out a takeover of its broadcasting arm, a move that will safeguard the future of popular programmes such as Coronation Street and Love Island.
Details
Sky, owned by the US telecoms company Comcast, has been in talks for months to buy ITV’s media and entertainment operations, which include its free-to-air TV channels in the UK and the ITVX streaming platform. The £1.6bn takeover deal could be announced in early July, the Sunday Times reported.
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Originally published at www.theguardian.com.